The national road freight volume of flammable solids in the UK is forecasted to decline from 2024 to 2028, starting at 4.44 million vehicle-kilometers in 2024 and decreasing to 2.07 million vehicle-kilometers by 2028. The year-on-year percentage change shows a consistent downward trend. In 2023, this volume stood at approximately 5.0 million vehicle-kilometers. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) reflects an average annual decrease in volume.
Future trends to watch for include:
- Advancements in alternative fuel technologies potentially reducing reliance on traditional flammable solids.
- Regulatory changes targeting emissions and safety standards affecting transport methods and costs.
- Shifts in industrial demand impacting volume allocations across freight sectors.