The Wholesale of Household Goods sector in Spain experienced fluctuating employment between 2013 and 2017, with notable declines in certain years and peaks in 2015 and 2017. Recent years have shown a stabilization trend, with minimal year-on-year variability from 2018 to 2023. As of 2023, the sector employed 198.49 thousand Full-Time Equivalents (FTEs). The five-year CAGR leading up to 2023 was -0.19%, highlighting a slight downward trend.
Looking forward, the forecast through to 2028 predicts a continuous, albeit mild, decline in employment, averaging a -0.04% CAGR. Future trends to watch include the impacts of technological advancements, shifts in consumer behavior, and potential economic fluctuations, which could affect employment stability in this sector.
- Technology advancements may automate jobs, resulting in further declines.
- Changes in consumer purchasing patterns, driven by online shopping, could influence sector employment.
- Economic conditions, including inflation and GDP growth, may impact sector stability and labor needs.