The warehousing and storage services sector in Australia saw fluctuations in its value-added contributions between 2013 and 2023. Values ranged from 2.96 Billion AUD to 3.5 Billion AUD. In 2023, the sector stood at 3.18 Billion AUD, showcasing a minor decline of 4.05% compared to 2022. The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) was approximately -0.46%.
Key trends from 2023 to 2028 indicate a continued slight downward trend with a forecasted CAGR of -0.18%, equating to an overall growth rate of -0.88% by 2028.
Future trends to watch for:
- Technological advancements in automation and digitalization for efficiency gains.
- Potential impacts from e-commerce growth post-COVID-19 recovery.
- Sustainability initiatives and green warehousing trends.
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