The European market for non-specialized general cargo ships is primarily dominated by Italy and the United Kingdom, holding 14.5% and 14.23% of the market share, respectively, as of 2023. Notable growth in market share is seen in countries like Malta, Ireland, Latvia, Bulgaria, Cyprus, and Lithuania, with particularly significant year-on-year increases recorded in these regions. Conversely, the Netherlands and Belgium have experienced a decline in their respective shares, showcasing potential challenges in their maritime industries.
Key trends to monitor in the European general cargo ship market include:
- Continued growth potential in emerging markets such as Latvia and Bulgaria.
- The impact of shifting economic and environmental policies on traditional maritime leaders like the Netherlands and Belgium.
- Technological advancements and regulatory changes that could reshape the competitive landscape in the cargo shipping sector.
Top countries in Number of Non-Specialized General Cargo Ships Share by Country (Thousand Gross Tonnage)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 14.5 | 2023 | +2.23% | +0.85% | View data |
| 2 | 2 United Kingdom | 14.23 | 2023 | +0.38% | -0.27% | View data |
| 3 | 3 Sweden | 9.98 | 2023 | +4.14% | +0.98% | View data |
| 4 | 4 Denmark | 9.19 | 2023 | +1.23% | -0.39% | View data |
| 5 | 5 Greece | 9.19 | 2023 | +8.58% | +1.61% | View data |
| 6 | 6 France | 8.28 | 2023 | +12.51% | +2.41% | View data |
| 7 | 7 Spain | 7.97 | 2023 | +6.18% | +1.42% | View data |
| 8 | 8 Germany | 6.39 | 2023 | +6.52% | +0.56% | View data |
| 9 | 9 Finland | 5.93 | 2023 | +6.01% | +0.64% | View data |
| 10 | 10 Estonia | 3.02 | 2023 | +3.5% | +1.14% | View data |
