The turnover of warehousing and storage in Denmark has experienced significant fluctuations over the past decade. In 2013, the turnover was relatively high and saw a growth rate of 9.37%, but faced a decrease in the following years, reaching a low in 2015 with a decline in turnover of 20.89%. The sector saw recovery in 2016 and 2017 with positive year-on-year changes of 16.65% and 17.36%, respectively. The most recent years, 2021 to 2023, indicate slight but consistent growth, standing at 562.9 million Euros in 2023. The five-year Compound Annual Growth Rate (CAGR) for this period shows an average variation of 2.99% per year.
Future forecasts from 2024 to 2028 predict a considerably stable but modest increase in turnover, with a five-year CAGR of 0.1%, indicating a slow growth rate of 0.48% by 2028.
- 2023 Year-on-Year (YoY) Variation: 0.27%
- 2022 Year-on-Year (YoY) Variation: 0.32%
Long-term trends indicate initial high volatility, marked by significant drops and recoveries in the early and late 2010s, subsequently stabilizing into consistent but modest growth from 2021 to 2023. The forecast hints at continued stability with minimal incremental growth over the next five years.
Future trends to watch for include technological advancements in logistics, impacts of international trade agreements, and potential economic shifts affecting storage demands. Monitoring these factors will be crucial for understanding and predicting more nuanced market movements.
