In 2023, the Tanker Deadweight Tonnage in the US stood at a level higher than forecasted figures for subsequent years, indicating a declining trend. The forecast data from 2024 to 2028 shows a steady decrease in million short tons, starting at 3.16 in 2024 and reducing to 2.94 by 2028.
The year-on-year percentage variation reflects a gradual reduction, with each year's tonnage slightly lower than the previous, illustrating a consistent downtrend. The compound annual growth rate (CAGR) over the five-year forecast period further underscores this decline.
Future trends to watch for:
- Impacts of environmental regulations on tanker operations.
- Advancements in tanker technology and efficiency.
- Economic factors affecting the supply and demand for tanker services.
