The forecasted number of dry bulk carriers in Germany shows a significant downward trend from 2024 to 2028. In 2023, the actual value stood at 1.1 thousand. Moving from 2024 to 2028, year-on-year variations indicate a consistent decrease: -15.45% from 2024 to 2025, -18.17% from 2025 to 2026, -21.82% from 2026 to 2027, and -27.39% from 2027 to 2028. This results in a Compound Annual Growth Rate (CAGR) of -20.73% over the five years.
Future trends to watch for in this market include:
- Potential consolidation within the shipping industry due to shrinking fleet sizes.
- Increased scrapping of older vessels leading to reduced fleet numbers.
- Technological advancements and regulatory changes emphasizing more efficient, greener ships could further impact fleet size.
- Economic conditions and trade patterns which could either mitigate or exacerbate anticipated declines.