In 2023, the actual road freight volume for metal ores, peat, uranium, thorium, and other mining and quarrying products in the UK was approximately 13.15 billion tonne kilometers. The forecast for 2024 to 2028 shows a gradual decline from 13.11 in 2024 to 12.97 in 2028. The year-on-year variations indicate a steadily decreasing trend, with a minor reduction in volume each year.
Key observations:
- 2024-2025: A decrease of approximately 0.23%.
- 2025-2026: A decrease of approximately 0.31%.
- 2026-2027: A decrease of approximately 0.23%.
- 2027-2028: A decrease of approximately 0.31%.
CAGR (2024-2028): A negative growth rate, reflecting a gradual contraction in road freight volume.
Future trends to watch for include advancements in mining technology, regulations affecting the sector, and environmental considerations which may further influence freight volumes. Additionally, economic factors influencing demand for these materials could alter this trajectory.
