The employment in the Sea and Coastal Freight Water Transport sector in Sweden has experienced a significant decline over the past decade. From 2013 to 2023, there was a continuous decrease in the number of full-time equivalents, starting at 3,010 in 2013 and dropping to 1,760 in 2023. This represents a compounded annual growth rate (CAGR) of -7%. The last two years saw particularly steep year-on-year declines of -11.18% in 2022 and -12.49% in 2023.
Future forecasts for the next five years indicate that this negative trend is expected to persist, with the sector projected to experience a forecasted CAGR of -18.56%. By 2028, employment is expected to be down to 541 full-time equivalents, marking a 64.17% reduction from 2023 levels.
Future trends to watch for:- Automation and technological advancements potentially reducing labor needs- Changes in global trade patterns impacting sector demand- Environmental regulations influencing operational costs and employment needs
