The road freight volume of the plastic packaging goods sector in Portugal has exhibited significant fluctuations over the past decade. In 2023, the sector stood at 8.0 thousand units. Notably, from 2013 to 2023, the values ranged from a low of 3.0 thousand units in 2020 and 2021 to a high of 10.0 thousand units in 2017, reflecting various economic and market dynamics.
The most recent year-on-year changes indicate a positive momentum, with a 14.29% increase noted in 2023 compared to the previous year. Historically, the Compound Annual Growth Rate (CAGR) over the last 5 years stands at 1.3%, demonstrating a closely steady recovery.
Forecasts from 2024 onwards suggest a stable growth trajectory, maintaining around 8.0 thousand units initially and reaching 9.0 thousand units by 2028. The forecast 5-year CAGR is projected at 2.38%, with an overall growth rate of 12.5% over this period.
Future trends to watch for include potential impacts of economic policies, advancements in packaging technology, and shifts in consumer preferences towards sustainable options. Monitoring these factors will be critical for anticipating further trends in the road freight volume of the plastic packaging goods sector in Portugal.
