Freight traffic of railways in China displayed a notable evolution from 2013 to 2023. In 2023, it stood at 520.02 million metric tons. From a drop of nearly 12% in 2015 to a steady recovery, the sector experienced significant year-on-year variations, peaking at 10.71% in 2017. The last two years saw growth rates of 4.49% and 4.25% respectively, culminating in a modest 5-year CAGR of 5.25% by 2023.
Future trends indicate continued growth, with forecasts suggesting a 2.86% CAGR over the next five years. Factors such as economic policies, infrastructure investments, and technological advancements should be closely monitored.
