The volume of cabotage road freight transport in the UK is forecasted to see a steady decline from 227.63 million tonne kilometers in 2024 to 217.73 million tonne kilometers in 2028. In 2023, this volume stood at approximately higher levels, indicating a consistent downward trend over the forecast period. The year-on-year variation shows a decrease averaging at about 1% annually. A 5-year CAGR reflects a continued decline similar to these annual rates.
Future trends to watch for include:
- The impact of evolving trade policies post-Brexit, particularly concerning cross-border freight regulations.
- Technological advancements in logistics and transport efficiency that could mitigate the declining trend.
- Environmental regulations potentially influencing road freight volumes and necessitating innovative solutions.