The volume of flammable liquids transported by road freight in the UK is expected to decline significantly from 2024 to 2028. The initial forecast for 2024 stands at 970.2 thousand units, reducing consecutively each year to approximately 497.19 thousand units by 2028. This represents a notable year-on-year decrease in volume, with anticipated reductions of around 12.5% from 2024 to 2025 and 14.1% from 2025 to 2026. Over the five-year span, the compound annual growth rate (CAGR) reflects a sharp contraction.
Future trends to watch for include:
- Increased regulation and safety standards affecting transport volumes.
- Technological advancements in alternative fuels decreasing reliance on traditional flammable liquids.
- Potential shifts in energy sourcing and supply chain adjustments in response to environmental policies.