The total inland freight transport in Italy saw significant fluctuations over the past decade. From 2013 to 2020, the sector experienced notable declines, especially around 2020 due to a significant annual drop of 20.09%. However, 2021 witnessed a recovery with a 13.81% increase. Over the last two years, the sector displayed modest growth with a year-on-year increase of 4.68% in 2022 and a slight decline of 0.55% in 2023, when the value stood at 160.38 billion tonne kilometers. The five-year CAGR from 2018 to 2023 averaged at 0.38%, reflecting mild positive growth.
Looking forward, the forecast data indicates a gradual decline, with the five-year CAGR from 2023 to 2028 forecasted at -0.45%. By 2028, the volume is expected to decrease slightly to 155.29 billion tonne kilometers.
Future trends to watch for:- India's economic reforms influencing global freight demand.- Technological advancements, such as autonomous vehicles.- Enhancements in digital logistics platforms.- Sustainability initiatives aiming at reducing carbon footprints in the transport sector.- Geopolitical developments influencing trade routes and policies.
