The volume of road freight for metal ores, peat, uranium, thorium, and other mining and quarrying products in the UK is forecasted to experience a steady increase from 2024 to 2028. In 2023, the volume stood slightly below the projected numbers for the following years, indicating a consistent upward trend in the coming years.
Although the year-on-year percentage variation is minimal, implying a stable growth pattern, the Compound Annual Growth Rate (CAGR) from 2024 to 2028 shows a sustained increase, reflecting a robust industry outlook.
- Increased demand for sustainable and renewable resources could boost transport needs.
- Technological advancements in mining and logistics may enhance efficiencies, influencing volume growth.
- Regulatory changes and environmental policies could impact mining practices and subsequently freight volumes.