The employment in the floor and wall covering industry in Belgium displayed fluctuations between 2013 and 2023. A peak was observed in 2016 with 8.59 thousand employees and a recent decline in 2023 with 8.28 thousand employees. Year-on-year variations showed inconsistencies, with notable increases in 2014 (5.87%) and 2016 (8.2%), and declines in other years like 2015 (-3.25%) and 2017 (-3.74%). A five-year CAGR analysis from 2019 to 2023 exhibited a slight negative trend of -0.26%.
Forecast indicates a gradual decline from 2024 to 2028, with the number of employees projected to be 8.05 thousand by 2028. The future forecasted CAGR for this period is -0.44%, aligning with the observed decrease.
Future trends to watch for:
- Adoption of automation and technology within the industry that may affect employment rates.
- Potential market shifts due to sustainability trends impacting material preference and labor demand.
- Economic policies and labor market changes post-pandemic.