The number of dry bulk carriers in Italy showed varying trends over the past decade. Peak values were observed in years like 2018 and 2021. However, a significant decline can be noted in years like 2020 and 2022, pointing to an overall volatility in the market. In 2023, the dry bulk carriers stood at 49.74 million gross tonnage, illustrating a slight decrease from the previous year.
Analyzing the recent trends, the year-on-year variation from 2022 to 2023 was minimal at -0.094%, while a steady decrease is seen in the last two years. The most notable trend is a consistent decline in the CAGR over the past 5 years, settling at -3% by 2023. Forecasts suggest a continued downward trajectory with a CAGR of -1.97% over the next five years, projecting the volume to decrease to 43.96 million gross tonnage by 2028.
Future trends to watch for:
- Potential market volatility influenced by global economic factors.
- Technological advancements in shipbuilding may affect the structural demand for dry bulk carriers.
- Environmental regulations could also drive changes in fleet composition and capacity.
