The volume of rail containers transported in South Korea has shown fluctuating trends from 2013 to 2023, with a peak value of 11.85 million metric tons in 2013 and a low of 8.43 million metric tons in 2022. By 2023, the volume slightly increased to 8.55 million metric tons, reflecting a 1.47% year-on-year growth from the previous year. The average annual change over the last five years (CAGR) was -2.83%, indicating a downward trend.
Despite historical fluctuations, the forecast period from 2024 to 2028 suggests a steady increase in volume, starting from 8.67 million metric tons in 2024 to 9.12 million metric tons in 2028. The forecasted average annual growth rate (CAGR) is 1.02%, with an overall growth rate of 5.22% over the five-year period.
Future trends to watch for include:
- Technological advancements in rail transportation.
- Infrastructure developments and investments in the rail sector.
- Economic policies affecting domestic and international trade routes.
