Reviewing the historical data from 2013 to 2023, the year-on-year variations highlight notable fluctuations. Particularly, there was a significant drop in 2020 (-42.86%) and 2021 (-16.67%) majorly due to the pandemic, followed by a strong recovery in 2022 with an 88% increase. The Compound Annual Growth Rate (CAGR) over the last five years stands at 0.6%. Forecasted data from 2024 to 2028 show a slight decline with a 2028 forecasted CAGR of -0.6%.
Key trends to monitor include the potential impact of economic factors, regulatory changes, and shifts in travel behavior. Technological advancements in transportation and environmental policies could also play crucial roles in shaping future traffic patterns.
