The total inland freight transport in South Korea showed fluctuating trends from 2013 to 2023, with significant growth until 2018, peaking at 151.41 Billion Tonne Kilometers, and a notable dip in 2020 to 125.7 Billion Tonne Kilometers followed by a strong recovery. By 2023, the value reached 157.84 Billion Tonne Kilometers, reflecting a 1.34% year-on-year increase and a CAGR of 0.84% over the last five years.
Future trends to watch for include:
• Continued moderate growth with a forecasted 1.07% CAGR for the next five years.
• Potential impact of technological advancements and infrastructure improvements.
• Economic factors and policy changes influencing transport demand.
• Increasing focus on sustainable and environmentally-friendly transport solutions.
