The employment in the wholesale of food, beverages, and tobacco sector in Italy experienced various fluctuations from 2013 to 2023. In 2023, the employment value stood at 131.38 thousand FTE. From 2013 to 2018, the trend showcased moderate ups and downs, with a steep decline of 8.67% in 2014. A significant decline in 2020 was observed due to global disruptions, followed by a recovery phase with a 5.96% increase in 2022. The year-on-year variation for the last two years was 0.68% in 2021 and 0.64% in 2023. The CAGR over the last five years until 2023 was 0.46%.
Future Trends to Watch For:
Moderate growth forecast is expected with the employment value reaching 135.39 thousand FTE by 2028.
Expected CAGR from 2024 to 2028 is 0.53%, indicating steady yet modest growth.
Focus on technological advancements and supply chain optimizations could play a crucial role in mitigating future disruptions and possibly increasing employment rates.