Forecast: Gross Weight of Outwards Seaborne Goods Handled in the UK

The estimated gross weight of outwards seaborne goods handled in the UK is set to decline from 158.1 million metric tons in 2024 to 147.68 million metric tons by 2028. This represents a steady decrease over the period, with year-on-year reductions in volume ranging from approximately 1.7% to 2.1%. In 2023, the actual weight stood at a slightly higher level, marking the start of this downward trend. The compound annual growth rate (CAGR) over the forecasted period is negative, indicating a consistent contraction in the volume of seaborne goods exports.

Future trends to watch include the impact of global trade dynamics, shifts in the UK’s trading relationships post-Brexit, and environmental regulations affecting maritime transportation. These factors may influence the volume trends and potentially alter the rate of decline or even reverse it if favorable conditions arise.