The forecasted road freight volume for coke and refined petroleum products in the UK shows a declining trend from 2024 to 2028, starting at 26.64 million metric tons in 2024 and decreasing to 17.76 million metric tons in 2028. Compared to 2023, the volume started at 28.5 million metric tons. The year-on-year percentage variation indicates a steady decline over the years: 2025 (-8.56%), 2026 (-9.23%), 2027 (-9.89%), and 2028 (-10.83%). The compound annual growth rate (CAGR) reflects an average annual decrease of 9.3% from 2024 to 2028.
Future trends to watch for:
- Potential regulatory changes impacting fuel types in transportation.
- Technological advancements in logistics that could improve efficiency.
- Shifts in demand due to evolving consumer preferences towards renewable energy sources.
- Global supply chain dynamics influenced by geopolitical factors.