The forecast for freight ton-kilometers of waterways in China from 2024 to 2028 suggests a steady growth trajectory. The estimated value from 2024 starts at 125.48, rising to 140.15 by 2028, representing a compound annual growth rate (CAGR) of approximately 2.8%. Compared to the previous year, the data show incremental growth rates, maintaining a consistent upward trend. In 2023, the actual value for freight ton-kilometers stood below the forecasted 2024 figure, signifying a positive recovery and expansion phase in China's waterway freight industry.
Future trends to watch for include:
- Increased investment in infrastructure to enhance water transport efficiency.
- Government policies that might encourage shifting of cargo to waterways from other modes for sustainability and cost reasons.
- Technological advancements in freight management and logistics on waterways.