The European warehousing and storage sector saw diverse performance across countries in 2023. The UK led with substantial turnover, followed by Germany and the Netherlands, which showed significant growth. Less prominent but noteworthy are Poland and Portugal, experiencing notable year-on-year increases. Conversely, countries like Finland, Norway, and Iceland faced declines. Generally, growth in Eastern Europe is outpacing that in Western regions, indicating a shift in logistics hubs. Over the last five years, countries with strategic locations, like the Netherlands, are seeing stronger compound annual growth rates, leveraging their transshipment capabilities.
Future trends to watch include:
- The impact of digital transformation and automation in logistics, which could alter market dynamics.
- Geopolitical factors influencing supply chain stability and potentially reshaping Europe’s warehousing map.
- Sustainability initiatives pushing green warehousing and the role of European regulations in shaping these efforts.
- Expansion in Eastern Europe driven by lower operational costs and strategic positioning in line with EU's logistics corridors.
Top countries in Turnover of Warehousing and Storage Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 33.59 | 2023 | +2.93% | +4.2% | View data |
| 2 | 2 Germany | 16.56 | 2023 | +7.38% | +5.62% | View data |
| 3 | 3 Netherlands | 10.2 | 2023 | +8.97% | +12.67% | View data |
| 4 | 4 France | 6.15 | 2023 | -2.29% | +1.18% | View data |
| 5 | 5 Belgium | 5.2 | 2023 | +6.21% | +4.39% | View data |
| 6 | 6 Spain | 4.97 | 2023 | +2.72% | +1.95% | View data |
| 7 | 7 Poland | 4.03 | 2023 | +6.2% | +13.49% | View data |
| 8 | 8 Italy | 3.98 | 2023 | +0.24% | +0.54% | View data |
| 9 | 9 Czech Republic | 3.47 | 2023 | +5.8% | +0.54% | View data |
| 10 | 10 Portugal | 2.03 | 2023 | +14.26% | +8.06% | View data |
