The national road freight volume for basic metals and fabricated metal products in the UK is forecasted to decline steadily from 23.02 million metric tons in 2024 to 17.33 million metric tons by 2028. Compared to the actual figures for 2023, this represents a clear decreasing trend over the projected years. The average annual decline (CAGR) from 2024 to 2028 is approximately 7.37%, reflecting a notable reduction in demand or logistical shifts in the sector.
Future trends to watch for include:
- Potential economic shifts impacting the manufacturing sector.
- Advancements in transportation efficiency reducing the need for traditional freight methods.
- Changes in trade policies post-Brexit affecting import/export volumes.
- Sustainability initiatives encouraging alternative materials.
