In 2023, Denmark led the European turnover in sea and coastal freight water transport with a value of 28.52 million euros, closely followed by Germany. Notable increases were observed in Poland, Portugal, Hungary, Iceland, and Malta, with Poland experiencing the highest growth at 37.28%. Conversely, significant declines were seen in Sweden, Finland, and Belgium. The United Kingdom, alongside Denmark and Norway, showed moderate growth. Despite their smaller market share, Ireland, Iceland, and Latvia also displayed positive trends. Over the past five years, these shifts indicate an evolving landscape shaped by varying market dynamics and economic conditions.
Looking ahead, crucial trends to monitor include the effects of environmental regulations on operations, technological advancements like digitalization and automation, and geopolitical influences on trade routes and partnerships. The increasing focus on sustainable practices is expected to shape future growth patterns and competitive standings within the European sea and coastal freight water transport market.
Top countries in Turnover of Sea and Coastal Freight Water Transport Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 28.52 | 2023 | +2.22% | +2.67% | View data |
| 2 | 2 Germany | 28.38 | 2023 | +3.51% | -0.55% | View data |
| 3 | 3 Norway | 14.4 | 2023 | +6.65% | +1.78% | View data |
| 4 | 4 United Kingdom | 9.69 | 2023 | +2.93% | +2% | View data |
| 5 | 5 Netherlands | 5.47 | 2023 | +1.46% | +1.37% | View data |
| 6 | 6 Italy | 4.61 | 2023 | +0.75% | -0.75% | View data |
| 7 | 7 Belgium | 2.46 | 2023 | +6.56% | -1.14% | View data |
| 8 | 8 Spain | 1.32 | 2023 | +4.62% | +0.8% | View data |
| 9 | 9 Poland | 1.2 | 2023 | +14.58% | +37.28% | View data |
| 10 | 10 Greece | 0.87 | 2023 | +3.24% | +1.95% | View data |
