The employment in the non-specialized wholesale trade sector in Italy has shown a consistent decline over the past decade. In 2013, the sector employed 27.51 thousand FTEs, which decreased steadily to 25.63 thousand FTEs by 2023. The year-on-year variation reveals a mix of slight increases and decreases, with a general trend towards reduction. Notably, there were some temporary upticks, such as in 2016 and 2017, but these were not enough to offset the overall downward trajectory. Over the last two years, the year-on-year decline aligns with the general trend, averaging around -0.94%. The Compound Annual Growth Rate (CAGR) over the past five years also indicates a decline of approximately -0.97%.
Looking forward, forecasted data suggest a continuation of this trend, with expected employment falling to 24.37 thousand FTEs by 2028. The forecast 5-year CAGR predicts an annual decrease of around -0.8%, which is a somewhat moderated decline compared to previous years. This implies a slight stabilization but still reflects a negative growth trend.
Future trends to watch for in this sector include potential impacts of automation and digital transformation, which may either reduce the need for human labor or create new types of employment opportunities. Additionally, economic conditions and regulatory changes in Italy and the broader European market could also influence employment trends in this sector.
