The National Railway Freight Traffic of Nonmetal Ores in China is projected to grow steadily from 7.81 in 2024 to 8.07 by 2028, expressed in Ten Million Metric Tons. In 2023, the traffic stood at 7.75. The year-on-year growth is modest, with increases observed each year and an average CAGR expected around 0.8% over the five-year span.
Future trends to watch for include:
- Potential impact of infrastructure developments on rail freight demand.
- Environmental regulations shifting the balance of commodity transportation modes.
- Technological advancements in railway logistics improving efficiency and capacity.
- Economic conditions influencing the demand for nonmetal ores in various industries.
