Year-on-year variations are as follows:
- 2024-2023: --
- 2025-2024: -6.52%
- 2026-2025: -6.90%
- 2027-2026: -7.34%
- 2028-2027: -7.84%
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately -7.18%. This indicates a consistent reduction in hours worked over the forecasted period.
The dyes and pigments industry in Germany is expected to continue its downward trend in terms of hours worked due to advancements in efficiency, shifts in manufacturing processes, and potential outsourcing. Watch for technological innovations and shifts in regulatory landscapes which may further impact labor dynamics in the industry.
