The value added of warehousing and support activities for transportation in Australia has shown a steady upward trend from 2013 to 2023, reaching 37.08 Billion Australian Dollars in 2023. Major year-on-year variations include a notable increase of 10.59% in 2016 and periods of more modest growth, with the most recent figures showing a 1.92% increase from 2022 to 2023. The Compound Annual Growth Rate (CAGR) over the past five years stands at 1.38%, reflecting moderate but consistent growth.
Looking forward, forecasts predict continued growth with a 5-year CAGR of 1.39% and an overall growth rate of 7.12% by 2028. This suggests sustained but gradual increments in value added within this sector.
Future trends to watch for include:
- Advancements in automation and digitalization in warehousing operations.
- Increased demand for cold storage facilities driven by the growth in e-commerce and pharmaceuticals.
- Adoption of green logistics to reduce carbon footprints and enhance sustainability.
