The number of employees in the warehousing and storage sector in Belgium is forecasted to decline gradually from 2024 onwards. In 2023, the number of employees stood at approximately 14.33 thousand. The forecasted data indicates a year-on-year decrease in employment, with 2024 showing a 1.05% decline compared to 2023, and subsequent years continuing this trend. By 2028, the number of employees is expected to reach 13.6 thousand, representing a cumulative average growth rate (CAGR) of around -1.3% per year over the five-year period.
Future trends to watch for:
- The potential impact of automation and technology advancements on employment in the sector.
- The influence of global supply chain dynamics on local warehousing and storage demand.
- Shifts in consumer behavior and e-commerce growth affecting warehousing needs.
- Regulatory changes and economic conditions in Belgium and the broader EU area.