The employment in the Freight Transport by Road sector in Spain has shown consistent growth over the past several years. In 2023, the employment stood at 274.22 thousand Full-Time Equivalent (FTE) positions. From 2016 to 2023, the sector experienced a steady rise, with significant year-on-year variations such as a 7.69% increase in 2017, a 4.8% increase in 2018, and a 4.74% increase in 2019. The growth rate slightly decelerated during the COVID-19 pandemic in 2020 with a minimal increase of 0.17%. However, the trend continued upward with 4.53% in 2021, 2.75% in 2022, and 2.65% in 2023. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 3.31%.
Looking forward, the forecast indicates a continuing increase, albeit at a slower pace, with a forecasted CAGR of 1.87% from 2024 to 2028, projecting the employment to reach 308.55 thousand FTE by 2028. The total growth rate over this five-year forecast period is expected to be 9.72%.
Future trends to watch for include the impact of technology and automation on employment needs, potential regulatory changes affecting the logistics sector, and the influence of economic factors on trade volumes which will directly impact the demand for freight transport by road.
