The production value of road freight transport and removal services in Portugal has demonstrated a mostly upward trend from 2013 to 2023. In 2023, this value stood at 6.31 Billion Euros. The sector experienced fluctuations with a notable dip in 2020 attributed to the impact of the COVID-19 pandemic (-4.97%). However, it rebounded, showing modest growth in subsequent years, with year-on-year variations indicating gradual recovery and stabilization. In 2021 and 2022, year-on-year growth was 3.38% and 1.62% respectively, with 2023 seeing a slight increase of 1.57%. The five-year CAGR from 2019 to 2023 was 1.26%, reflecting a steady but slow growth trend.
Looking forward, the forecast anticipates a continued gradual increase in production value, reaching 6.78 Billion Euros by 2028. With an annual average growth rate projected at 1.13%, the sector is expected to expand at a moderate pace. Key trends to watch include technological advancements in logistics, shifts in global supply chains, and regulatory developments impacting road transport efficiency and cost.