Global goods trade growth is expected to slightly accelerate in 2025, although it will remain below historical trends. As a result, demand for transport and storage services will follow a similar pattern.
Key points include:
- Air cargo rates are expected to remain elevated due to continued capacity constraints.
- Sea transport rates will stay high, while road and rail rates will see more limited changes.
- Warehousing conditions are expected to see moderate rental growth, as high vacancy rates persist in industrial buildings across the US and Europe.
While global supply chains have largely normalised in recent years, intensified trade tensions and the introduction of protectionist measures in 2025 may lead to supply chain disruptions, particularly affecting transport and storage operations.
