The forecast indicates a declining trend in employment within the UK's wholesale of agricultural raw materials and live animals sector from 2024 to 2028, with full-time equivalents projected to decrease annually. In 2024, employment is forecasted at 13.35 thousand, dropping each year to reach 11.97 thousand by 2028. This represents a continuous decline in employment figures over the period.
Year-on-year percentage reductions are consistent, reflecting a negative growth trajectory in employment. Such a trend suggests businesses may be facing challenges like increasing automation or changing trade practices.
Future trends to watch for include:
- Adoption of technological advancements and automation, potentially reducing the need for labor.
- Economic and trade policy changes affecting raw material demand and supply dynamics.
- Environmental regulations impacting agricultural practices and market structures.