Forecast: Production in Sea and Coastal Freight Water Transport Sector in Finland

From 2014 to 2023, the production in the Sea and Coastal Freight Water Transport sector in Finland experienced a significant decline. The value stood at 1.39 Billion Euros in 2014, sharply dropping to 0.6112 Billion Euros by 2023. The year-on-year variations indicate consistent negative trends, with particularly steep declines in 2017 (-29.73%) and 2020 (-12.21%). The Compound Annual Growth Rate (CAGR) has shown an overall negative trajectory, with the last five years averaging a CAGR of -5.68%.

The forecast for the sector from 2024 to 2028 indicates continued contraction. By 2028, the value is predicted to shrink further to 0.2816 Billion Euros. The forecasted five-year CAGR is extremely negative at -12.34%, indicating accelerated decline. Over this period, sector production is expected to nearly halve, with a forecasted growth rate of -48.24%.

Future trends to watch for include:

• Potential shifts towards greener transport solutions and how they might impact the traditional freight sector.
• Technological advancements that could improve operational efficiencies or disrupt existing business models.
• Economic factors and global trade dynamics that could influence demand for sea and coastal freight.