In 2023, Germany's road freight volume for coke and refined petroleum products was recorded at 65.18 million metric tons. Beginning in 2024, forecasts predict a steady annual growth: increasing to 66.18 million tons in 2024, 67.2 in 2025, and reaching 70.21 million tons by 2028.
Key trends to observe:
- The year-on-year growth rate is approximately 1.5%.
- The compound annual growth rate (CAGR) from 2023 to 2028 stands at around 1.5%, indicating a stable upward trend.
Future trends to watch:
The market may respond to shifts in demand for alternative energy sources, regulatory changes concerning emissions, and technological advancements in transportation efficiency. Monitoring these factors can provide insight into potential deviations in the forecasted growth trajectory.
