From 2013 to 2023, sea container transport in the UK showed an overall upward trend, though with some fluctuations. The value stood at 10.194 million Twenty-Foot Equivalent Units (TEUs) in 2023.
Notable year-on-year variations included strong growth in 2014 (15.31%) and 2016 (4.4%), with a significant dip in 2020 (-6.99%) due to global disruptions. Over the last two years, there were modest increases, with 1.09% in 2022 and 1.06% in 2023.
The compound annual growth rate (CAGR) over the past five years was -0.25%, indicating a minor overall decline. Forecasts for 2024-2028 project a 0.79% CAGR, with a total growth rate of 4.02% during this period.
Future trends to watch for include:
- Continued recovery and growth post-2023.
- Potential impacts of global trade policies and Brexit on UK sea container volumes.
- Technological advancements in logistics and shipping efficiency.
- Environmental regulations affecting shipping operations.