The sector of Third Party Logistic services (3PL) in Greece consists of a significant number of companies, some of them being exclusively engaged in the above activities, while others are also operating as freight forwarders.
The market of Third Party Logistics followed an upward trend from 2016 onwards, after a period of continuous decline (2009-2015). In particular, in 2018 the market value increased by 4.5% compared to 2017. A further rise is estimated for 2019 (annual rise of 5.4%).
Storage & warehousing services (including cold-storage as well) and distribution services jointly accounted for approximately 94% of the overall value of 3PL services in 2018.
As regards the breakdown of the market per product category, foods and drinks gained the lion’s share with 43% in 2018. “Vehicles and spare parts” and “electronic equipment and related supplies” followed with 9% each. “Clothing and footwear” and “medicines, parapharmaceuticals and medical equipment”. had a share of 7%. “industrial products & raw material” and “furniture and household equipment” had a share of 7% and 6% each respectively.