In 2023, the railway transport volume of coke and refined petroleum products in the UK stood at X million metric tons. From 2024 onwards, the forecasted data indicates a steady decline. Between 2024 and 2025, the volume decreases by approximately 3.10%, from 2025 to 2026 by around 3.20%, and from 2026 to 2027 by about 2.94%. A further drop of 3.41% is expected from 2027 to 2028. Over the five-year period, the compound annual growth rate (CAGR) is negative, reflecting a consistent downtrend.
Future trends to watch for include:
- Decarbonization efforts in transport and energy sectors potentially reducing demand for these products.
- Shifts in global market dynamics affecting UK's import and export needs.
- Technological advancements in alternative fuels impacting transport preferences.
