The historical data for the number of dry bulk carriers in Malta, measured in Million Gross Tonnage, shows significant variability from 2013 to 2023. The overall trend is relatively volatile with notable peaks and troughs. The year-on-year fluctuations illustrate significant changes, such as a drop in 2017 by 39.66%, an increase in 2019 by 356.77%, and another drop in 2021 by 54.55%. The value in 2023 stood at 2.26 Million Gross Tonnage, representing a slight dip of 0.44% from the previous year. Over the last two years, the average annual growth rate (CAGR) is 28.33% but declines to 0.36% when extended over a five-year period.
Looking forward, forecasts indicate a minor but consistent decline in the number of dry bulk carriers expected through 2028. The projected 5-year CAGR is -0.36%, showing a slight downward trend. Key factors to watch for include global shipping demand, economic conditions impacting trade volumes, and potential regulatory changes that could affect the market dynamics for dry bulk carriers in Malta.
