Forecast: Employment in Warehousing and Storage Sector in Belgium

Employment in the warehousing and storage sector in Belgium has shown varied trends over the past decade. From 2013 to 2017, there was a steady increase, with notable growth in 2016 and 2017. However, the period from 2018 to 2023 saw a decline, with employment decreasing year-on-year. In 2023, the sector employed 12.24 thousand full-time equivalents, reflecting a 1.54% reduction from the previous year. The CAGR over the past five years has been -4.46%, indicating a consistent decline in employment. Forecasts suggest a continued downward trend, with a projected 1.26% annual decrease, leading to a 6.14% drop by 2028.

Future trends to watch for include potential automation and technological advancements which may reduce the need for human labor. Additionally, shifts in global trade patterns and increased e-commerce could further influence employment in this sector. Strategic monitoring of these factors will be crucial for anticipating changes in workforce requirements.

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