The forecast for the UK road freight volume of coal, lignite, crude petroleum, and natural gas indicates a significant decline between 2024 and 2028. In 2023, the volume was already decreasing, and the trend continues with a sharp downward trajectory. Year-on-year, the volume is expected to decrease by approximately 17% to 29%. The Compound Annual Growth Rate (CAGR) over this five-year period highlights a consistent negative trend, reflecting the UK's shift towards renewable energy and reduced dependency on fossil fuels.
Future trends to watch include:
- Policy shifts towards greener logistics and transportation.
- Technological advancements in alternative fuels and electric vehicle adoption.
- Economic factors influencing demand for traditional energy sources.
