The sold production of cruise vessels in Finland experienced significant growth from 2013 to 2023, peaking at over 1.39 billion Euros in 2023. Over the past two years, there was a steady increase, with a 23.86% rise in 2022 followed by a 5.01% increase in 2023. Analyzing the five-year CAGR indicates an average growth rate of 19.23% per year, highlighting robust industry expansion within this period.
However, from 2024 onwards, forecasted data project a gradual decline, with the sold production expected to fall to approximately 1.22 billion Euros by 2028. This represents an average yearly decrease (CAGR) of -2.07% over the next five years, translating to an overall 9.94% downfall by 2028.
Future trends to watch for include potential market saturation, shifts in consumer travel preferences, advancements in sustainable shipping technology, and geopolitical developments that may influence global shipbuilding demand and industry dynamics.