In 2023, Germany and Spain led the European turnover of service activities incidental to water transportation, with significant market shares. Germany saw the highest year-on-year growth at 6.3%, followed closely by Belgium and Romania. Conversely, Iceland and Slovakia faced declines. Remarkably, Bosnia and Herzegovina experienced the highest growth rate. Over the last five years, the compound annual growth rate has shown steady improvement in Eastern European countries, although Western Europe remains dominant.
Future trends to watch include:
- Impact of environmental regulations on maritime activities.
- Technological innovations such as digitalization and automation in logistics.
- Economic shifts in Eastern Europe, potentially altering market dynamics.
- Geopolitical factors affecting trade routes and associated services.
Top countries in Turnover of Service Activities Incidental to Water Transportation Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 18.1 | 2023 | +10.77% | +6.3% | View data |
| 2 | 2 Spain | 17.36 | 2023 | +1.78% | +1.95% | View data |
| 3 | 3 United Kingdom | 15.88 | 2023 | +0.98% | +0.52% | View data |
| 4 | 4 Italy | 10.82 | 2023 | +6.51% | +3.03% | View data |
| 5 | 5 Netherlands | 6.51 | 2023 | +2.11% | +2.1% | View data |
| 6 | 6 France | 5.67 | 2023 | +1.55% | +0.59% | View data |
| 7 | 7 Belgium | 5.43 | 2023 | +2.41% | +6.12% | View data |
| 8 | 8 Greece | 3.29 | 2023 | +5.28% | +2.19% | View data |
| 9 | 9 Norway | 3.13 | 2023 | +1.22% | -1.17% | View data |
| 10 | 10 Denmark | 2.48 | 2023 | +3.2% | +2.72% | View data |
