Based on historical data, the number of liquid bulk tankers in Portugal exhibited fluctuations. The value increased from 33.43 million gross tonnage in 2013 to 44.93 million gross tonnage in 2023, marking a notable increase with intermittent declines. Significant shifts include an 11.84% drop in 2020 and a 15.46% rise in 2022. The overall 5-year CAGR leading up to 2023 was 3.32%. Forecasts for 2024 to 2028 indicate modest yet steady growth, with a projected average annual increase of 1.54% and an estimated growth rate of 7.96% over the five years.
Future trends to watch for:
- Potential impacts of regulatory changes on the shipping industry.
- Technological advancements in tanker design improving efficiency.
- Changing demand patterns due to global energy transitions.
- Impact of geopolitical developments on trade routes and shipping volumes.
