From 2013 to 2023, the UK's maritime container volume saw fluctuations with growth peaks in 2014 (+15.41%) and downturns, notably in 2020 (-7.05%) and 2022 (-6.67%). The 2023 figure stood at 9.94 million Twenty-Foot Equivalent Units (TEUs), reflecting a 2.73% year-on-year increase. However, a negative compound annual growth rate (CAGR) of -0.73% over the last five years suggests overall stagnation.
Over the next five years (2024-2028), modest growth is anticipated with a forecast CAGR of 0.81%, aiming for 10.461 million TEUs by 2028, a 4.12% increment from 2023.
Future trends to watch for include:
- Impact of post-Brexit trade policies.
- Technological advancements improving port efficiency.
- Supply chain disruptions and their effects on container volumes.
