In 2023, the employment in the Basic Chemicals Sector in Spain stood at 17.72 thousand Full-Time Equivalents (FTEs). Forecast data indicates a steady increase in employment figures through 2028. In 2024, employment is expected to rise from the 2023 levels to 17.96 thousand FTEs, marking a 1.35% year-on-year increase. The growth continues consistently each year, with employment figures in 2025, 2026, 2027, and 2028 projected at 18.21, 18.46, 18.71, and 18.95 thousand FTEs respectively. The compound annual growth rate (CAGR) for the period 2024-2028 is approximately 1.5%, reflecting a stable upward trend.
Future trends to watch for include advancements in chemical production technologies and potential regulatory changes that could impact labor demand. Additionally, monitoring global economic conditions and trade policies will be crucial, as they can significantly influence the sector's employment landscape.
