Key Market Indicators
Irish freight volume is projected to reach 13,460 million tonne-kilometers by 2028, up from 12,640 million tonne-kilometers in 2023. This marks a modest year-on-year growth rate of 1%. Since 1985, the nation's supply has seen an average annual increase of 1.7%. In 2023, Ireland ranked 26th globally, with Macedonia surpassing it at the same volume. Leading the rankings were Kazakhstan, Germany, and Poland, occupying the second, third, and fourth positions, respectively. On the financial front, Irish freight revenue is forecasted to achieve €2,050 million by 2028, growing slightly from €2,040 million in 2023. This reflects a minimal annual growth rate of 0.1%. However, since 2019, the market has experienced a decline of 3.4% annually. In 2023, Ireland stood at 23rd place in terms of freight revenue, with Greece overtaking it at €2,040 million. France, Poland, and Germany were the second, third, and fourth highest earners in this sector, respectively.
