The turnover for Road Freight Transport and Removal Services in Portugal has shown a steady upward trend from 2013 to 2023, growing from 4.8 billion euros to 6.4 billion euros. The year-on-year variations generally exhibit positive growth, despite a notable dip in 2020 by 4.96%, likely due to the pandemic. Over the last five years, the CAGR has been around 1.2%. For 2023, the value stood at 6.4 billion euros, with a year-on-year increase of 1.52%.
Looking ahead, the forecasted data from 2024 to 2028 predicts continued gradual growth in the turnover, with an estimated CAGR of 1.1% and a total growth rate of 5.6% over these years. Future trends to watch for include the impact of digitalization in logistics, evolving environmental regulations, and shifts in trade policies.