Forecast: Road Freight Volume of Cargo Handling Sector in Denmark

The road freight volume of the cargo handling sector in Denmark exhibited significant fluctuations from 2013 to 2023, with peaks and troughs marking stark differences year-on-year. By 2023, the volume stood at 11 million tonne-kilometers, reflecting a 120% increase from the previous year. The most notable variations include a remarkable 400% increase in 2013, a steep 80.56% decline in 2015, and an 866.67% surge in 2021. A closer look at the five-year CAGR indicates an average annual growth rate of 6.58% leading up to 2023.

Looking forward, the forecasted data points towards a stabilization period between 2024 and 2028, with the road freight volume maintaining around 10 million tonne-kilometers annually. The 5-year CAGR for the forecasted period stands at -2.09%, pointing to a modest decline. Future trends to watch for include the potential impacts of regulatory changes, advancements in logistics technology, and shifts in economic conditions that may influence freight demand and efficiency.