The warehousing and storage sector in Belgium has seen significant fluctuations over the past decade. From 2013 to 2023, employment numbers in this sector generally declined, with an initial growth spike between 2013 and 2017 followed by a sharp decline from 2018 onwards. In 2023, the number of persons employed stood at 15.15 thousand, reflecting a slight decrease of 0.26% compared to the previous year. Overall, the compound annual growth rate (CAGR) over the past five years was -3.22%. Forecasted data suggests a gradual decline continues, with a forecasted CAGR of -0.21% over the next five years.
Future trends to watch for:
- Automation and technological advancements could further reduce employment needs.
- Shifts in global trade patterns may impact demand for warehousing and storage.
- Policies on labor and economic conditions in Belgium will influence sector dynamics.
