The road freight volume of coke and refined petroleum products in the UK is projected to decline sharply from 2024 to 2028. In 2023, the volume stood notably higher than the forecasted 2024 value of 7.98 million metric tons. A year-on-year analysis shows substantial decreases, with notable sharp declines expected year-on-year. The average annual decrease based on the five-year compound annual growth rate (CAGR) suggests a significant downward trend, signaling a consistent decrease in road freight volume.

Future trends to watch for:

The impact of policy changes on the energy sector, prompting shifts towards renewable energy.
Changes in demand for coke and refined petroleum products as technological advances alter market dynamics.
UK economic recovery factors affecting industrial activity and associated freight demands.