In Belgium, employment in the warehousing and support activities for the transportation sector has shown significant variations from 2013 to 2023. The value stood at 79.55 thousand full-time equivalents (FTEs) in 2013 but experienced a sharp decline of 42.3% in 2014. From 2015 to 2017, employment figures exhibited modest growth before undergoing minor fluctuations. By 2023, the number had diminished to 47.18 thousand FTEs, indicating a year-on-year decrease of 2.44%. The recent 5-year CAGR stands at a marginal 0.3%.
Future projections from 2024 to 2028 suggest a steady decline in employment, with a forecasted 5-year CAGR of -2.06%, leading to an overall reduction of 9.89% by 2028. This trend signifies a gradual contraction in the sector's workforce.
Future trends to watch for:
- Technological advancements and automation could further impact employment.
- Regulatory and economic factors may influence sector dynamics.
- Potential shifts in supply chain strategies in response to global events.
