Forecast: Number of Dry Bulk Carriers in Spain

In 2023, the number of dry bulk carriers in Spain stood at approximately 5.19 thousand. This reflects a year-on-year decrease of 2.08% from the previous year. Over the last two years, the average annual decline has been 5.46%, indicating a downward trend. Over the past five years, the average annual decrease (CAGR) was 1.62%, showing a long-term reduction trend in fleet size.

Looking ahead from 2024, the forecast suggests a continued decline in the number of dry bulk carriers, with an expected annual average decrease (CAGR) of 1.71% over the next five years. By 2028, the fleet is anticipated to shrink by 8.27% from its 2023 size, translating to approximately 4.66 thousand carriers.

Future trends to watch for:

• Potential impact of environmental regulations on fleet size and composition
• Technological advancements such as automated and digitized shipping
• Fluctuations in global trade volumes influencing demand for bulk carriers
• Economic developments within Spain impacting maritime investments