The historical data from 2013 to 2023 for the maritime container transport in the UK reveals a fluctuating trend. The volume stood at 64.89 million metric tons in 2023. Peak growth periods were observed in 2014 and 2018, while notable declines occurred in 2017, 2019, and particularly in 2020 due to a decrease of 6.92% year-on-year. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) was -1.09%, indicating a slight decline in container transport volume on average.
Projection for the period between 2024 to 2028 forecasts a moderate growth with a 5-year CAGR of 0.79%, achieving a volume of 68.19 million metric tons by 2028. This translates to an overall growth rate of 4% over this forecast period.
Future trends to watch for:
- Impact of global economic factors on Trade Volume
- Technological advancements in shipping and logistics
- Policy changes due to Brexit and their effects on trade with the EU
- Environmental regulations and their influence on maritime operations
