The national road freight volume for metal ores, peat, uranium, thorium, and other mining and quarrying products in the UK is forecasted to show a slight decline from 12.97 billion tonne kilometers in 2024 to 12.85 billion tonne kilometers in 2028. Compared to the actual figure in 2023, which stood at 13.00 billion tonne kilometers, this represents a continuous annual decrease. The year-on-year variations indicate a consistent annual reduction of approximately 0.23%, translating to an overall compound annual growth rate (CAGR) of about -0.23% over the five-year forecast period.
Future trends to watch for:
- The impact of sustainable mining practices and technologies on freight volumes.
- Potential regulatory changes affecting the mining sector and its logistics requirements.
- Economic factors, such as demand shifts in global metal and mineral markets, influencing the UK’s mining logistics sector.