The road freight volume of coke and refined petroleum products in the UK is forecasted to decrease from 2.3 billion tonne-kilometers in 2024 to 2.14 billion tonne-kilometers in 2028, showing a declining trend. This corresponds to a year-on-year decrease of approximately 1.7% from 2024 to 2025, then continuing down steadily through the period. Comparatively, the Compound Annual Growth Rate (CAGR) over the 5 years is negative, highlighting a gradual reduction in road freight volumes.
Future trends to watch:
- The impact of environmental regulations encouraging the use of alternative energy sources.
- Advancements in technology and logistics efficiency influencing freight operations.
- Potential economic shifts affecting the demand for petroleum products.