The employment in the Rubber Products Manufacturing Sector in France experienced significant fluctuations over the past years. From 2013 to 2023, the sector saw a notable decline, dropping from 46.38 thousand FTEs in 2013 to 30.58 thousand FTEs in 2023. Critical drops were observed in 2015 and 2020 followed by temporary recoveries. The sector faced severe impacts in 2020 with a reduction of over 75%, likely due to the effects of the COVID-19 pandemic. However, subsequent years have shown attempts at recovery, with 2021 and 2022 experiencing substantial year-on-year increases of 96.6% and 29.77% respectively, and a more modest increase of 12.01% in 2023.
Despite these short-term recoveries, the forecasted data indicates a gradual decline from 2023 onwards, with a projected CAGR of -4.51% over the next five years. The sector is expected to decrease to 23.06 thousand FTEs by 2028, reflecting a consistent downward trend.
Future trends to watch for in this sector include:
- Technological advancements and automation potentially reducing the need for human labor.
- Shifts to sustainable and eco-friendly materials possibly altering production processes and workforce requirements.
- Global economic conditions and their influence on local manufacturing industries.
