From 2013 to 2019, the volume of rail freight transport in Spain experienced fluctuations, with an average annual growth rate (CAGR) that remained modest. Notably, 2020 saw a significant decline of 14.24% due to the impact of the COVID-19 pandemic. However, the sector rebounded in 2021 with a 14.82% increase. The volume in 2023 stood at 10.54 billion tonne-kilometers, marking a recovery after the slight dip in 2022.
Looking forward to 2024 and beyond, the forecast indicates a stable growth trend, with a CAGR of 0.3% over the next five years. It is projected that the volume of rail freight transport will gradually increase to 10.74 billion tonne-kilometers by 2028, representing a total growth rate of 1.5% from 2023.
Future trends to watch for include:
- Technological advancements in rail infrastructure and logistics.
- Policy changes aimed at reducing carbon emissions and promoting rail transport.
- Market demands driven by shifts in global trade patterns and economic conditions.