The turnover of Sea and Coastal Freight Water Transport in Germany showed notable fluctuations across the past decade. In 2013, the value stood at 25.25 billion euros. Significant variations were observed, with notable rises in 2015 and 2017, reaching 27.82 billion euros and 29.91 billion euros respectively. However, a notable drop occurred in 2020, largely attributed to the global COVID-19 pandemic, decreasing to 28.41 billion euros. The sector saw recovery, with turnover increasing to 31.55 billion euros by 2023. The Compound Annual Growth Rate (CAGR) from 2019 to 2023 was approximately -0.55%, indicating fluctuating growth patterns.
Looking ahead, future trends indicate a forecasted steady growth with a 5-year CAGR of around 1%. By 2028, the turnover is expected to reach approximately 33.58 billion euros, representing a 5.06% overall growth from 2023. This suggests a moderately optimistic outlook for the sector.
Future trends to watch for:
- Technological advancements in maritime logistics and automation.
- Sustainability initiatives and regulatory changes impacting freight operations.
- Global economic trends and their influence on international trade volumes.
- Investment in infrastructure and port facilities improvements.
