Forecast: Import of Passenger and Goods Transport Ships and Boats to Austria

In 2023, the import value of passenger and goods transport ships and boats to Austria stood at $75.391 million USD. This represented a slight decline of 1.58% year-on-year. Over the past two years, the year-on-year variations have shown limited fluctuations, with a small increase of 3.59% in 2022 followed by a slight decrease in 2023.

Looking at the longer-term trends, from 2013 to 2016, there were significant fluctuations including considerable growths and major declines. After 2017, the imports generally decreased until 2020 with a notable low point. However, from 2021 onwards, the imports gradually regained strength, albeit with moderate increases. The five-year CAGR ending in 2023 was -1.59%, indicating a general downward trend over this period.

Future trends to watch for include the continued forecasted decline with a projected import value of $68.839 million USD by 2028. This represents a forecasted 5-year CAGR of -1.38%, signaling a steady decrease in the import value. Factors to monitor will include global shipping costs, changes in domestic demand for maritime transport, and potential supply chain disruptions.