In 2023, European sold production of cruise vessels was led by Italy with a significant value of 6.315 billion Euros, followed by Finland at 1.3986 billion Euros. Croatia witnessed a substantial year-on-year increase of 162.79% to reach 0.10991 billion Euros. The Netherlands, Lithuania, and Estonia had significantly lower production values, with Lithuania and Estonia showing minimal growth or decline.
The year-on-year variations in 2023 highlight notable upward trends for Italy (+25.49%), Finland (+19.23%), and Croatia (+162.79%), and a decrease for Lithuania (-7.31%), while Estonia remained stable with no change. Over the last five years, these countries have experienced significant changes in their average annual growth rates.
Future trends to watch for include Italy and Finland maintaining their dominance in the European cruise vessel production market. The substantial growth in Croatia indicates a potential rise as a competitive hub. Conversely, the declining or stagnant growth in minor markets like Lithuania and Estonia suggests a need for strategic reassessment to stimulate production growth. Monitoring technological advancements and sustainability measures will also be crucial as the cruise vessel industry evolves.
Top countries in Sold Production of Cruise Vessels by Country
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 6,315,000,000 | 2023 | +20.91% | +25.49% | View data |
| 2 | 2 Finland | 1,398,600,000 | 2023 | +5.01% | +19.23% | View data |
| 3 | 3 Croatia | 109,910,000 | 2023 | +6.65% | +162.79% | View data |
| 4 | 4 Netherlands | 38,557,000 | 2021 | -79.17% | View data | |
| 5 | 5 Lithuania | 3,515,100 | 2023 | +4.14% | -7.31% | View data |
| 6 | 6 Estonia | 979,330 | 2023 | +4.99% | View data |
