The forecasted road freight volume of metal ores, peat, uranium, thorium, and other mining and quarrying products in the UK is set to gradually decline from 3.2 billion tonne kilometers in 2024 to 3.01 billion tonne kilometers in 2028. This forecast indicates a slight year-on-year decrease, with 2025 at 3.15 and 2026 at 3.1, continuing the trend observed in 2023, when the volume stood at 3.25 billion tonne kilometers. The compounded annual growth rate (CAGR) over this five-year period is indicative of a modest contraction in road freight volume.
Future trends to watch for:
- Technological advancements impacting transportation efficiency.
- Global economic shifts affecting demand for mined products.
- Regulatory changes in environmental policies influencing freight logistics.
- Potential resurgence in demand for certain mineral resources.
