In 2023, the total road freight volume of corrosives in the UK was observed at 48.9 million vehicle-kilometers. The forecast data indicates a slight annual decline, settling at 48.5 million vehicle-kilometers by 2028. This marks a year-on-year decrease of about 0.20% from 2024 to 2025, continuing consistently through to 2028. The average compound annual growth rate (CAGR) over the last five years is expected to reflect minimal change, pointing to a stable yet slightly declining trend in the volume.
Future trends to watch for include:
- Impact of regulatory changes on the transportation of corrosives which may further affect volumes.
- Technological advancements in logistics efficiency potentially reversing the declining trends.
- Shifts in industrial demand linked to broader economic conditions could influence volume fluctuations.