The production value of sea and coastal passenger water transport in Sweden has experienced notable fluctuations over the past decade. Peaking at 1.71 billion euros in 2015, it saw a dramatic decline starting in 2018. By 2023, the value had decreased to 0.7426 billion euros, representing a substantial fall from previous highs. The most severe decline started in 2018, with a significant year-on-year drop of 42.54%, followed by consecutive annual declines ranging from 3.66% to 9.03%.
In the last two years, the year-on-year variations were:
- 2022: -6.51%
- 2023: -6.9%
The compound annual growth rate (CAGR) over the last five years was -5.14%. Forecasts for 2024 and beyond predict a continued downward trend, with a forecasted 5-year CAGR of -7.13%, leading to an estimated production value of 0.4755 billion euros by 2028.
Future trends to watch for include potential impacts from economic recovery post-pandemic, shifts in tourism patterns, and advancements in sustainable maritime technology. Monitoring these factors will be crucial to understanding long-term trajectories in the sector.
