The forecast for the road freight volume of metal ores, peat, uranium, thorium, and other mining and quarrying products in the UK from 2024 to 2028 shows a declining trend. In 2023, the actual volume stood at 42.76 million metric tons. Year-on-year, the volume is expected to decrease by 12.88% in 2025, 10.86% in 2026, 11.97% in 2027, and 13.27% in 2028. The compound annual growth rate (CAGR) over the next five years exhibits a negative average annual growth of approximately 10.58%.
Future trends to watch for include:
- Increasing emphasis on sustainable transport methods and regulations aiming to reduce carbon emissions could impact road freight volumes.
- Technological advancements in mining and logistics may alter supply chain dynamics.
- Global economic conditions and market demands will significantly influence the traffic of such commodities.