In 2023, Latvia led the European road freight volume for the electricity distribution and control apparatus sector with a substantial increase of 34.34% year-on-year to 35.0 thousand units. Poland followed closely with 25.0 thousand units, marking a remarkable year-on-year growth of 44.27%. Romania and the Czech Republic both hold 6.0 thousand units, with the latter facing a decline of 7.79% year-on-year. Croatia and Slovakia contribute 4.0 and 2.0 thousand units, respectively. Over the last five years, trends indicate Latvia and Poland as significant growth markets, while the Czech Republic shows volatility.
Future trends to watch:
- Latvia and Poland's continued market expansion.
- Potential recovery or further decline in the Czech Republic.
- Impact of technological advancements and regulatory changes on road freight efficiency and volume.
- Overall market alignment with the EU's green transportation initiatives.
Top countries in Road Freight Volume of Electricity Distribution and Control Apparatus Sector by Country
| # | 6 Countries | Thousand Units (Journeys) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Latvia | 35 | 2023 | +16.67% | +34.34% | View data |
| 2 | 2 Poland | 25 | 2023 | +19.05% | +44.27% | View data |
| 3 | 3 Romania | 6 | 2021 | View data | ||
| 4 | 4 Czech Republic | 6 | 2023 | -40% | -7.79% | View data |
| 5 | 5 Croatia | 4 | 2021 | View data | ||
| 6 | 6 Slovakia | 2 | 2022 | 0% | View data |
