The production value in the Warehousing and Support Activities for Transportation sector in Portugal showcased a dynamic trend over the past decade. From a low of 6.35 billion euros in 2013, the sector experienced both significant growth and decline. Notably, after facing a dip in 2020 due to Covid-19, the value rebounded strongly by 21.77% in 2021 and continued growing till it hit 8.86 billion euros in 2023. This represents a year-on-year increase of 7.76% from 2022. Analyzing the five-year compound annual growth rate (CAGR), the sector reported a 1.98% increase, illustrating a moderate yet positive growth trajectory.
Future trends to watch for include:
- The sector is forecasted to continue its growth, reaching approximately 9.56 billion euros by 2028, indicating a forecasted five-year CAGR of 1.21% and overall growth of 6.19%.
- Businesses should remain vigilant about potential disruptions and opportunities in supply chain management, technological advancements, and regulatory changes that could impact the sector.
- Keep an eye on the global economic climate and geopolitical factors which can significantly influence transportation activities and warehousing demands.
