The employment in the seafood sector in Denmark, expressed in million hours, has experienced a gradual decline from 2013 to 2023, with a visible reduction from 3.01 million hours in 2013 to 2.75 million hours in 2023. The year-on-year variation has shown minor fluctuations with declines being more prominent in recent years, especially notable are the annual dips around 2020-2023. Over the last five years leading to 2023, the average annual decline (CAGR) stood at -1.25%.
Looking forward, forecasted data from 2024 to 2028 suggests the downward trend is expected to continue, with the total number of employment hours projected to reduce to 2.51 million hours by 2028. The forecasted five-year CAGR indicates an average annual decline rate of -1.47%, resulting in an overall reduction in employment hours by approximately -7.15% over the next five years.
Future trends to watch for include technological advancements and automation in seafood processing, potential regulatory changes affecting labor requirements, and the impact of sustainable fishing practices, which could further influence employment levels within the sector.
