In 2023, Finland dominated the dry cargo barge market in Europe with significant growth of over 31%. Notably, other countries like Portugal and Lithuania experienced impressive growth spurts of 33% and 26% respectively. Conversely, Denmark and Slovenia faced notable declines of 10% and 7%. Greece, Germany, and Romania also faced declining shares during the period. The Compound Annual Growth Rate (CAGR) for the last five years highlights Finland's sustained leadership and strategic advancements in barge operations.
Future trends to watch:
- Fluctuations in demand and trade agreements may notably influence these dynamics.
- Technological advancements in barge construction and fuel efficiency are expected to shift competitive advantages.
- Sustainable practices and regulations could introduce new barriers or opportunities for growth particularly in environmentally-conscious markets like Norway and Sweden.
Top countries in Number of Dry Cargo Barges Share by Country (Thousand Gross Tonnage)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 71.09 | 2023 | +44.17% | +31.09% | View data |
| 2 | 2 Greece | 10.71 | 2023 | +6.36% | -5.13% | View data |
| 3 | 3 Norway | 5.45 | 2023 | +23.08% | +5% | View data |
| 4 | 4 Denmark | 4.27 | 2023 | -2.46% | -10.25% | View data |
| 5 | 5 Sweden | 2.96 | 2023 | +5.3% | +0.9% | View data |
| 6 | 6 Latvia | 1.41 | 2023 | +17.2% | +6.79% | View data |
| 7 | 7 Poland | 0.62 | 2023 | -7.11% | -2.64% | View data |
| 8 | 8 Slovenia | 0.56 | 2023 | +22.38% | -7.11% | View data |
| 9 | 9 France | 0.34 | 2023 | +3.88% | +11.18% | View data |
| 10 | 10 Germany | 0.26 | 2023 | -15.28% | -6.2% | View data |
