Forecast: Volume of Road Freight Transport in Mexico

From 2013 to 2018, Mexico's road freight transport volume showed a steady growth with annual increases, peaking in 2018 at 260.64 billion tonne-kilometers before experiencing a slight dip in 2019. The impact of the COVID-19 pandemic is evident in the significant decrease in 2020 by 7.07%. The market showed signs of recovery in 2021 with a 4.14% increase, stabilizing further by 2022 and achieving a value of 255.24 billion tonne-kilometers in 2023. The five-year CAGR to 2023 reveals a slight negative trend due to the pandemic's impact.

Future forecasts from 2024 onward project a CAGR of 0.78%, with road freight volume expected to grow to 268.09 billion tonne-kilometers by 2028, representing a 3.97% overall growth. This suggests a gradual yet consistent recovery and growth in the sector.

**Future trends to watch for:**

• Technological advancements in logistics and transport efficiency.
• Impacts of regulatory changes on road freight transport.
• Developments in infrastructure that may facilitate increased freight volume.
• Economic factors influencing demand for road freight transport.
• Environmental policies and their effects on transport operations and fleet compositions.