The passenger traffic of waterways in China has shown significant fluctuations over the past decade. Starting with a slight dip in 2013, there was a general upward trend until 2017, followed by minor declines and a significant drop in 2020 due to the global pandemic. Recovery began in 2021, with substantial growth in 2022. By 2023, traffic levels reached 27.73 ten million units, reflecting a strong comeback.

Year-on-year variations over the last two years demonstrate positive recovery: 53.19% in 2022 and 10.81% in 2023. The five-year CAGR stands at -0.18%, indicating a near stabilization post-recovery. Looking forward, the forecasted CAGR from 2024 to 2028 is modest at 0.62%, pointing to steady, although slow, growth.

Future Trends to Watch For:

Impact of sustained economic recovery and potential policy changes on waterway passenger traffic.
Technological advancements in marine transport and their contribution to passenger growth.
Environmental regulations that can potentially influence operational capacities.