Forecast: Value Added of Warehousing and Support Activities for Transportation in Turkey

The value added of warehousing and support activities for transportation in Turkey showed significant growth from 2013 through 2023, despite fluctuations. In 2023, the value stood at 98.59 billion New Turkish Liras, marking a 5.82% year-on-year increase from the previous year. Over the past five years, there was an average annual growth rate (CAGR) of 8.19%. Observing longer-term trends, the sector experiences notable volatility, but with an overall positive trajectory.

Going forward, the forecasted data suggests continued growth albeit at a slightly reduced pace, with a projected 3.97% average annual growth (CAGR) over the next five years, culminating in a 21.51% increase by 2028.

Future trends to watch for include:

• Technological advancements enhancing operational efficiencies.
• Increased demand for warehousing due to e-commerce expansion.
• Impact of global supply chain disruptions and geopolitical factors.
• Investment in infrastructure development and modernization.
• Environmental regulations influencing sustainable practices.