The total traffic of buses and coaches in Portugal saw varied changes from 2013 to 2023. In 2023, the traffic stood at 471.04 million vehicle-kilometers, representing a 7.07% year-on-year increase from 2022. Historically, the traffic showed both growth and decline, highlighted by substantial drops in 2019 and 2020, followed by a remarkable recovery in 2021. The CAGR for the five years leading up to 2023 stood at -0.47%, reflecting the impact of these fluctuations.
Future trends to watch for:
- Continued moderate growth is expected with a forecasted 5-year CAGR of 0.31%.
- Technological advancements and sustainable initiatives may drive efficiency and demand in the sector.
- Potential economic shifts and policy changes could either spur further growth or introduce new challenges.