In 2023, the National Railway Freight Ton-kilometers Traffic of Timber in China stood at 139.55 hundred million tonne kilometers. Forecasts predict a downward trend, decreasing gradually by approximately 5% annually, reaching just over 110.66 hundred million tonne kilometers by 2028. This marks a compound annual growth rate (CAGR) of approximately -4.49% over the five-year period beginning in 2024.
Future Trends to Watch For:
- Shifts in timber supply chain dynamics due to global economic changes could impact freight demand.
- Environmental regulations might influence timber industry practices, affecting rail transportation volumes.
- Advances in logistics technology could improve efficiency, potentially reversing the downward freight trend.