The production value of warehousing and storage in Finland has seen notable fluctuations over the past decade. From a peak of 1.08 billion Euros in 2014, it experienced significant declines, reaching as low as 0.4406 billion Euros by 2023. The most considerable drops occurred in 2015 (-41.64%) and 2017 (-24.81%), with a CAGR of -16.01% from 2014 to 2019. The recent years showed a less steep decline, recording a -2.54% year-on-year decrease in 2022 and -2.59% in 2023, with a CAGR of -0.52%. For the forecasted period from 2024 to 2028, the sector is expected to continue its downward trend with an average annual decline of 2.2% and an overall reduction of 10.53% by 2028.
Future trends to watch for include:
- Technological advancements in warehousing operations to drive efficiency and cost reduction.
- Increasing demand for e-commerce which could boost the need for storage solutions.
- Shift towards sustainable and eco-friendly storage practices.
- Potential impacts of global supply chain disruptions on local warehousing demands.