In 2023, employment in the UK's wholesale of metals and metal ores sector stood at approximately 25,000 Full-Time Equivalents (FTEs). For the forecasted period from 2024 to 2028, employment is predicted to decline gradually by around 0.5% annually, reaching approximately 24.34 thousand FTEs by 2028. This suggests a cautious downtrend with a modest compound annual growth rate (CAGR) indicative of a slight contraction over the forecasted timeframe.
Future trends to watch for in this sector include:
- The impact of technological advancements and automation on employment levels
- Potential shifts in global metal demand affecting UK market dynamics
- Changing regulations regarding environmental impacts and their influence on the industry