The freight traffic on highways in China saw continuous growth from 2013 to 2023, standing at 4.1349 ten billion metric tons in 2023. The period from 2013 to 2023 displayed notable fluctuations, including a significant drop in 2019 and a sharp recovery in 2021. Year-on-year variations reveal the most considerable increase in 2021 at 14.23%, while 2019 showed a notable decline at -13.18%. The average annual growth over the last five years resulted in a compound annual growth rate (CAGR) of 1.94% between 2024 and 2028.
Future trends to watch for include the impact of emerging logistics technologies, government infrastructural investments, and evolving trade dynamics on highway freight traffic. These factors could propel growth, improve efficiency, and shape the transport landscape in the coming years.
