The national railway freight traffic of mineral building materials in China exhibited significant fluctuations over the past decade. From 2013 to 2018, there was a notable decline, dropping from 13.55 to 7.93, reflecting a compounded annual growth rate (CAGR) of -10.16%. This downward trend reversed sharply in 2019 with a substantial year-on-year increase of 51.63%, rising to 12.02. From 2020 to 2023, the traffic showed a modest recovery stability with a slight increase from 12.54 to 10.7, highlighting a CAGR of 6.18% over this period. For 2023, the traffic stood at 10.7. From 2024 onwards, forecasts indicate a steady growth trajectory, reaching 11.12 by 2028, translating to a forecasted CAGR of 0.61%.
Future trends to watch for:
- Continuous growth in infrastructure projects which may boost freight traffic volumes.
- Implementation of policies promoting greener transportation methods.
- Technological advancements in railway logistics improving efficiency and capacity.