Key Market Indicators
Estonia's passenger ship fleet has fallen to zero units in 2020, a plunge of 100% from 2019. This decrease has been ongoing since 2007. Meanwhile, Estonian sea transportation expenditure is set to reach €43.79 million by 2026, a 1.7% annual average rate of growth from €38.51 million in 2021. This demand has been rising since 2013, with a 2.9% average annual increase. In 2021, Estonia ranked third with Finland in the lead at €38.51 million, followed by Finland, Estonia, and Belgium in second, third, and fourth place respectively.