The forecasted data for the number of employees in the fabricated metal products sector in the UK shows a consistent decline from 2024 through 2028. Starting with 262.93 thousand persons in 2024, there is a gradual decrease to 260.75 thousand in 2025, 258.62 thousand in 2026, 256.53 thousand in 2027, and finally, 254.49 thousand in 2028. This represents a year-on-year contraction, indicative of a negative growth trend in employment within the sector. The calculated Compound Annual Growth Rate (CAGR) over this five-year period further quantifies this decline.
Looking ahead, factors such as automation, outsourcing, and economic shifts could further influence these trends. Monitoring advancements in manufacturing technology, global market dynamics, and policy changes will be crucial for understanding future employment patterns in the UK’s fabricated metal products sector.