Forecast: Volume of Road Freight Transport in Turkey

The volume of road freight transport in Turkey saw a substantial increase from 2013 to 2023, reaching 294.05 billion tonne-kilometers in 2023. Notably, there was a decline in 2020 due to the impact of the COVID-19 pandemic, followed by a robust recovery in 2021. The year-on-year growth varied, peaking at 16.72% in 2021, and slowing to 1.82% in 2023. The average annual growth rate (CAGR) over the last five years was 1.99%, reflecting a stable, albeit moderate, upward trend.

Future trends to watch for:

- The forecasted CAGR for the next five years is 1.43%, indicating steady but modest growth.

- By 2028, the volume is expected to reach 320.75 billion tonne-kilometers, supported by improvements in infrastructure and economic growth.

- Factors such as changes in trade policies, fuel prices, and technological advancements in logistics and transportation will significantly influence the road freight transport sector.

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