The turnover in Finland's Freight Transport by Road sector stood at 6.33 Billion Euros in 2023, reflecting a year-on-year increase of 1.1%. Over the past decade, the sector has seen mixed performance, with significant fluctuations during some years. The impact of various economic factors caused a notable dip in 2020 with a year-on-year decline of 6.21%, but overall, between 2013 and 2023, the sector has demonstrated resilience.
Key trends observed over the long term include:
- A period of steady growth until 2017, with occasional minor declines.
- A sharp decline in 2020 due to global economic challenges.
- A slow recovery post-2020 with moderate annual growth rates.
Forecasts from 2024 onwards project a steady upward trend, with the turnover expected to reach 6.67 Billion Euros by 2028. The 5-year CAGR is forecasted at 0.82%, indicating modest but stable growth year on year.
Future trends to watch for include:
- Impact of technological advancements and their role in improving efficiency and reducing costs in the sector.
- Shifts in trade policies and regulations that could affect cross-border transport.
- Environmental policies and their influence on the adoption of sustainable practices and green technologies within the sector.
