The European warehousing and support activities for transportation sector shows significant disparities among countries. Belgium leads with a substantial output of 32.73 billion euros in 2023. Other standout performers include Austria, Finland, and Portugal, each demonstrating different growth trajectories with Austria's impressive 5.99% year-on-year increase. Slovakia experienced the highest growth, at 7.3%, while Latvia faced a decline of 2.8%. Over the past five years, the sector has witnessed consistent growth, shaping an expanding landscape.
Future trends to watch in this sector include:
- Increasing automation and digitalization to improve efficiency.
- Growing e-commerce which may boost demand for warehousing space.
- Sustainability practices, necessitating greener logistics solutions.
- Evolving geopolitical contexts affecting cross-border logistics flow.
Top countries in Warehousing and Support Activities for Transportation Output by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 32,730 | 2023 | +1.99% | +2.95% | View data |
| 2 | 2 Austria | 16,770 | 2023 | +2.12% | +5.99% | View data |
| 3 | 3 Finland | 9,520 | 2023 | +1.88% | +5.14% | View data |
| 4 | 4 Portugal | 8,590 | 2023 | +5.96% | +2.02% | View data |
| 5 | 5 Slovakia | 6,460 | 2023 | -7.91% | +7.3% | View data |
| 6 | 6 Greece | 5,710 | 2023 | -12.18% | +2.99% | View data |
| 7 | 7 Ireland | 3,710 | 2023 | +2.3% | +3.97% | View data |
| 8 | 8 Estonia | 2,890 | 2023 | +0.67% | +2.74% | View data |
| 9 | 9 Latvia | 2,680 | 2023 | +4.49% | -2.8% | View data |
