In 2023, the volume of goods transported by railways in China stood at 3.1765 trillion tonne kilometers. The forecasted data for 2024 is 3.2284 trillion tonne kilometers, marking a year-on-year increase of 1.63%. The volume is expected to rise further to 3.2803 trillion tonne kilometers in 2025, showing a 1.61% increase. For 2026, the volume reaches 3.3312 trillion tonne kilometers, reflecting a 1.55% rise. In 2027, it trends upward to 3.3811 trillion tonne kilometers (1.50% increase), and in 2028, it increases to 3.4299 trillion tonne kilometers (1.44% increase). The Compound Annual Growth Rate (CAGR) over the 5-year forecast period is approximately 1.54%.
Future trends to watch for include technological advancements in railway infrastructure, government policies promoting sustainable transport, and global supply chain dynamics which could influence the demand for rail freight services in China.