The sea and coastal passenger water transport sector in Finland showed varying trends over recent years. From 2014 to 2019, the sector experienced moderate growth with minor fluctuations, peaking in 2016 with a 5.76% year-on-year increase. However, a significant drop occurred in 2020 with a 50.91% decrease due to the global pandemic, sharply affecting the industry's output. Recovery began in 2021 with a 54% rise, continuing an upward trajectory into 2022 and 2023, showcasing a 12.12% increase in 2023, where the value stood at 1,010 Million Euros. The last five years noted a CAGR of 0.29%, reflecting a gradual recovery trend.
Future forecasts from 2024 to 2028 suggest continued growth, albeit at a modest pace with a forecasted 5-year CAGR of 0.55%. It is vital to monitor factors such as global economic conditions, travel regulations, and consumer preferences, which could significantly impact the sector's growth trajectory.