The road freight volume for textiles, textile products, leather, and leather products in the UK is forecasted to modestly increase from 7.36 million metric tons in 2024 to 7.48 million metric tons by 2028. This implies a stable year-on-year growth rate of around 0.4% to 0.5%. Assuming a steady increase, from the baseline data of 2023, the compound annual growth rate (CAGR) for the 5-year forecast remains at approximately 0.5%.
Future trends to watch for:
- Shifts in consumer demand influenced by sustainable and ethically produced textiles and leather.
- Impact of trade policies, especially post-Brexit, on the import and export dynamics.
- Technological advancements in logistics and supply chain efficiency affecting road freight operations.