From 2013 to 2023, the volume of road freight transport in the UK experienced fluctuations, with a notable drop in 2020 due to external factors, followed by a recovery phase. In 2023, the volume stood at 160.91 billion tonne kilometres, reflecting a stable year-on-year increase of 2.84%. The 5-year CAGR from 2018 to 2023 was 0.39%, indicating a modest growth trend over this period. The forecast data from 2024 to 2028 projects a consistent upward trend, with a 5-year CAGR of 0.34%, suggesting steady albeit slow growth.
Future trends to watch for include:
- The impact of Brexit on cross-border freight activities.
- Technological advancements in logistics and supply chain management.
- Environmental regulations affecting road transport emissions.
- Shifts in consumer behaviour influencing freight volumes.
