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

The employment in the sea and coastal freight water transport sector in Belgium exhibited notable fluctuations between 2013 and 2023. The period started with a high employment value in 2013, reaching 1.14, but saw a significant drop of -42.96% in 2014. The sector experienced varying growth rates, with a sharp rise in 2020 at 47.71% and a continued steady increase through to 2023. By 2023, employment stood at 1.15 thousand FTE, showing a positive year-on-year variation of 3.98% over 2022. The overall CAGR for these five years was 3.17%.

Future projections up to 2028 suggest a continued upward trend, with the sector reaching 1.36 thousand FTE by 2028, driven by a forecasted 5-year CAGR of 2.68% and an overall growth rate of 14.15%.

Future trends to watch for:

  • Impact of technological advancements in logistics and shipping efficiency.
  • Influence of environmental regulations on sector employment.
  • Global trade dynamics and their effect on Belgium's sea and coastal freight transport.

Top Countries about Maritime