The data for 2024 shows that Denmark leads the European Production Value of Sea and Coastal Freight Water Transport with a significant margin at 31.98 billion euros. Norway and Germany follow with 16.0 billion and 15.53 billion euros, respectively. Other notable countries include the Netherlands, Italy, and the United Kingdom, all ranging between 5.94 and 4.98 billion euros. Smaller markets such as Slovenia, Bulgaria, and Hungary contribute less, with values below 0.03 billion euros.
Recent year-on-year changes show mixed trends. Denmark and Norway have seen modest growth rates of 2.67% and 1.77%, respectively. However, Germany experienced a slight decline of 1.15%. Notable gains were observed in Ireland (19.74%), Malta (14.76%), and Latvia (13.27%), while Finland (-5.68%) and Sweden (-5.81%) posted significant declines. Hungary experienced a substantial increase of 94.93%, indicating robust growth in a smaller market.
Future trends to watch include the impact of technological advancements, environmental regulations, and economic shifts on the production value of sea and coastal freight water transport in Europe. Expect continued growth in markets showing recent positive trends and potential recovery in those currently experiencing declines.
Top countries in Production Value of Sea and Coastal Freight Water Transport by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 31,980 | 2023 | +2.2% | +2.67% | View data |
| 2 | 2 Norway | 16,000 | 2023 | +6.64% | +1.77% | View data |
| 3 | 3 Germany | 15,530 | 2023 | -1.77% | -1.15% | View data |
| 4 | 4 Netherlands | 5,940 | 2023 | +1.28% | +0.92% | View data |
| 5 | 5 Italy | 5,620 | 2023 | +1.01% | -0.42% | View data |
| 6 | 6 United Kingdom | 4,980 | 2023 | -0.74% | -1.82% | View data |
| 7 | 7 Belgium | 2,720 | 2023 | +6.63% | -1.21% | View data |
| 8 | 8 Spain | 1,160 | 2023 | +4.71% | +0.19% | View data |
| 9 | 9 Sweden | 1,060 | 2023 | -5.43% | -5.81% | View data |
| 10 | 10 Greece | 989.5 | 2023 | +3.75% | +2.85% | View data |
