In 2023, the UK's road freight volume for man-made fibers, nuclear fuel, chemicals, rubber, plastic, and chemical products was approximately 35.48 million metric tons. The forecast from 2024 to 2028 indicates a declining trend, starting at 35.48 million metric tons in 2024 and decreasing to 32.84 million metric tons by 2028.
Year-on-year decreases are projected, with the most significant forecasted decrease happening between 2024 and 2028, averaging a CAGR of roughly -1.93% per year over these five years. This reflects a consistent decrease in volume carried by road freight within the UK during this period.
Future trends to watch include:
- Technological advancements in logistics and supply chain management could mitigate volume declines.
- Policy changes, especially environmental regulations, might impact future freight volumes.
- Shifts in domestic production or international trade agreements could alter these forecasts.