The Cutlery Gross Value Added (GVA) per employee in Germany is expected to drop gradually from €65.2 thousand in 2024 to €60.9 thousand by 2028. In 2023, the GVA per employee stood at €66.3 thousand, indicating a negative year-on-year trend. The yearly percentage decrease from 2023 to 2024 is around 1.66%, and this negative trend persists through the forecasted period. The Compound Annual Growth Rate (CAGR) for the last five years indicates an average annual decrease of approximately 1.7%.
Future trends to watch for include potential market disruptions due to technological advancements in manufacturing, changing consumer preferences, and global economic factors that may influence the cutlery industry in Germany. Monitoring these trends will be crucial for understanding and potentially mitigating further declines in GVA per employee.
