Forecast: Production of Warehousing and Support Activities for Transportation in South Korea

The production of warehousing and support activities for transportation in South Korea reached 45.388 trillion South Korean Wons in 2023. Over the last two years, there has been a notable recovery with a year-on-year variation of 7.99% in 2022 and 2.47% in 2023. Despite a sharp dip in 2020, which saw a 14.64% decrease, the sector has demonstrated resilience with a CAGR of 2.53% over the past five years.

Forecasted data indicates a steady growth trajectory from 2024 to 2028, with a projected CAGR of 1.88% and an overall growth rate of 9.79%. By 2028, the production is anticipated to reach 50.982 trillion South Korean Wons.

Future trends to watch for:

• Advancements in logistics technology enhancing efficiency and capacity.
• Increased e-commerce activity driving demand for warehousing solutions.
• Potential disruptions or accelerations driven by global supply chain adjustments.