The European ship tonnage distribution in 2023 was led by Italy at 16.03% share, followed by Spain and the UK with 12.54% and 12.16% respectively. These countries showed positive growth rates, with Italy leading at 3.8%. In contrast, France saw a slight decline of 0.044%. Other notable increases include Latvia at 2.52% and Romania at 2.67%, while Denmark and the Netherlands experienced marginal declines. Over a five-year period, the Compound Annual Growth Rate (CAGR) has influenced the current standings, with many countries maintaining consistent growth trends.
In 2024, future trends indicate a strong emphasis on sustainability and the adoption of greener technologies in the maritime industry. As environmental regulations tighten, countries with large shipping industries might experience shifts in vessel composition or tonnage optimization. Monitoring these technological and environmental adaptions will be crucial for understanding the future dynamics of shipping tonnage distribution across Europe.
Top countries in Number of Vessels Share by Country (Thousand Gross Tonnage)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 16.03 | 2023 | +9.36% | +3.8% | View data |
| 2 | 2 Spain | 12.54 | 2023 | +8.43% | +1.79% | View data |
| 3 | 3 United Kingdom | 12.16 | 2023 | +0.81% | +0.59% | View data |
| 4 | 4 France | 7.75 | 2023 | +6.69% | -0.044% | View data |
| 5 | 5 Greece | 7.49 | 2023 | +9.19% | +1.81% | View data |
| 6 | 6 Germany | 6.97 | 2023 | +6.35% | +0.17% | View data |
| 7 | 7 Sweden | 6.56 | 2023 | +4.62% | +1% | View data |
| 8 | 8 Denmark | 5.74 | 2023 | +1.93% | -0.28% | View data |
| 9 | 9 Netherlands | 4.01 | 2023 | +3.5% | -0.37% | View data |
| 10 | 10 Finland | 3.98 | 2023 | +6.69% | +0.96% | View data |
