The forecasted trend for loaded international road freight transport volume in the UK from 2024 to 2028 shows a consistent decline, decreasing from 71.78 to 68.09 million vehicle-kilometers. This represents an approximate year-on-year decrease of around 1.3% to 1.4%. In 2023, the volume was 72.61 million vehicle-kilometers, indicating a continued downward trend.
The compound annual growth rate (CAGR) from 2023 to 2028 is expected to be negative, indicating a sustained decline in transport volume over this period.
Future trends to watch for:
- Impact of Brexit on trade relations and freight volume.
- Shifts towards sustainable transport practices.
- Technological advancements in transport efficiency.
- Potential economic recoveries affecting demand.
