Forecast: Employment in Sea and Coastal Freight Water Transport Sector in France

The employment in France's sea and coastal freight water transport sector has shown significant fluctuations over the past decade. Having dropped notably in 2016, the sector witnessed a strong recovery with some years of high growth, notably in 2020 with a 20.52% increase. By 2021, employment was slightly down by 1.12%, followed by a steady upward trajectory with a 6.67% rise in 2023. Current employment stands at 10.1 thousand Full-Time Equivalent (FTE) positions in 2023.

Analyzing percentages, we note the stark swings and recoveries over the years, with 2017 and 2020 seeing the most significant positive shifts at 36.49% and 20.52%, respectively. The compound annual growth rate (CAGR) over the past five years (2018-2023) is approximately 6.34%, while the forecasted CAGR for the next five years to 2028 is 4.18%, indicating a more moderate yet consistent growth rate. This period is anticipated to see a total employment aggregate growth of 22.73% from 2023 through 2028, predicting an expansion in sector employment to 13.16 thousand FTE by 2028.

Future trends to keep an eye on include the impacts of environmental regulations that might drive changes in fleet modernization and technological advancements, potentially affecting labor needs and employment structures. Observing the global trade dynamics and logistical advancements will also be crucial in predicting further employment shifts within this sector.