The European sea and coastal freight water transport industry was led by Germany in 2023, with a market size of 25.94 billion euros. Following Germany, Denmark and Norway had 21.81 billion and 14.72 billion euros respectively. France and Italy also played significant roles in the industry, while the Netherlands, UK, Belgium, Sweden, and Finland had smaller market sizes ranging from 5.3 to 1.26 billion euros. From 2018 to 2023, the compound annual growth rate showed a moderate increase across these top countries, highlighting a steady expansion of the sector.
Future trends to watch:
- Investment in sustainable and green technologies to meet EU environmental goals.
- Increasing integration of digitalization and automation in shipping operations.
- Potential regulatory changes affecting sea freight within the EU.
- Impact of global trade relations on freight demand and distribution channels.
Top countries in Top EU Countries with the Largest Sea and Coastal Freight Water Transport Industry
| # | 10 Countries | Million Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Germany | 25,940 | 2016 | |
| 2 | 2 Denmark | 21,810 | 2016 | |
| 3 | 3 Norway | 14,720 | 2016 | |
| 4 | 4 France | 11,680 | 2016 | |
| 5 | 5 Italy | 6,120 | 2016 | |
| 6 | 6 Netherlands | 5,300 | 2016 | |
| 7 | 7 United Kingdom | 4,630 | 2016 | |
| 8 | 8 Belgium | 2,490 | 2016 | |
| 9 | 9 Sweden | 1,640 | 2016 | |
| 10 | 10 Finland | 1,260 | 2016 |
