The employment in the Sea and Coastal Passenger Water Transport sector in Denmark has shown fluctuating trends over the past decade. The sector experienced a notable decline in 2019 and 2020 due to various factors but rebounded in the subsequent years, reaching 4.87 thousand FTEs in 2023. Over the past two years, the sector saw a moderate increase, with a 1.71% rise Year-on-Year in 2023. The Compound Annual Growth Rate (CAGR) over the last five years shows a slight negative trend at -1.6%.
Looking ahead, the forecast indicates a steady growth with an average annual variation of 1.25%, culminating in a 6.43% total growth rate over the next five years. By 2028, employment is expected to reach 5.27 thousand FTEs, reflecting a stable recovery and growth phase for the sector.
Future trends to watch for:
- Impact of new regulations and environmental standards on employment and operational costs.
- The effect of technological advancements and automation in maritime transport.
- Potential growth from increased tourism and passenger demand post-pandemic recovery.
