The employment data in Denmark's Sea and Coastal Freight Water Transport sector indicates a significant downward trend from 2013 to 2024. Starting at 11.24 thousand FTEs in 2013, the sector saw intermittent fluctuations but experienced a marked decline, hitting 6.43 thousand FTEs by 2023. The sector's Year-on-Year variations reveal significant drops, particularly between 2020 and 2023, with a noticeable -5.81% reduction in 2023. The historical 5-year CAGR stood at -6.22% indicating a general contraction in sector employment.
Future trends indicate a steep decline as the forecast for 2028 suggests employment will drop to 2.39 thousand FTEs with a forecasted 5-year CAGR of -15.71%, translating to a drastic -57.46% reduction in employment. As we move forward, critical factors to monitor will include automation in freight transport, shifts in global trade patterns, environmental regulations, and possible shifts toward alternative transport sectors. These elements are likely to shape the future workforce dynamics in this sector.
