The volume of freight handled in China's main coastal ports was recorded at 1.0742 ten billion metric tons in 2023.
From 2024 to 2028, the forecasted volume data shows a consistent upward trend. Specifically, the volume is expected to grow from 1.1066 ten billion metric tons in 2024 to 1.2477 ten billion metric tons in 2028.
Year-on-year variations based on forecasted data are as follows:
- 2025: 3.23% increase from 2024
- 2026: 3.09% increase from 2025
- 2027: 2.98% increase from 2026
- 2028: 2.87% increase from 2027
The compound annual growth rate (CAGR) over the five-year forecast period from 2024 to 2028 is approximately 3.05% per year, indicating steady growth in freight volumes.
Future trends to watch for include advancements in port infrastructure, technology adoption, and policies aimed at enhancing efficiency and capacity. These factors will play a crucial role in sustaining the growth trajectory of freight volumes in China's coastal ports.
