The United States currently leads the employment in fabricated metal products with 1.63 million persons, followed by Germany and Japan. Recent data highlights significant growth in South Korea, Poland, and Slovakia, contrasted with declines in the United Kingdom, Spain, and Belgium. Over the last year, South Korea and Poland saw notable increases exceeding 1%, whereas Japan experienced a decline of over 0.3%. The average annual growth (CAGR) over the past five years indicates steady employment levels, with fluctuations observed mainly in European countries.
Looking ahead, trends to watch include technological advancements in automated manufacturing, which could influence employment rates across countries, particularly nations with larger manufacturing bases like the United States and Germany. Additionally, economic policies and labor market reforms could impact future employment in this sector. Focus is necessary on countries like Slovakia and Iceland, which are showing signs of rapid growth, alongside those like the United Kingdom and Japan, where employment is shrinking. Monitoring these trends will be crucial for understanding shifts in the global labor market for fabricated metal products.
Top countries in Number of Persons Employed in Fabricated Metal Products by Country
| # | 10 Countries | Thousand Units (Persons) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 1,630 | 2023 | +0.18% | +0.21% | View data |
| 2 | 2 Germany | 948 | 2023 | +0.32% | +0.26% | View data |
| 3 | 3 Japan | 824 | 2023 | -0.48% | -0.34% | View data |
| 4 | 4 South Korea | 544.9 | 2023 | +0.96% | +1.34% | View data |
| 5 | 5 Poland | 390.5 | 2023 | +1.75% | +1.52% | View data |
| 6 | 6 France | 300 | 2023 | -0.33% | -0.067% | View data |
| 7 | 7 United Kingdom | 290.85 | 2023 | -0.59% | -1.57% | View data |
| 8 | 8 Spain | 234.4 | 2023 | -0.8% | -1.31% | View data |
| 9 | 9 Czech Republic | 217.5 | 2023 | +0.93% | +0.85% | View data |
| 10 | 10 Colombia | 125.51 | 2023 | -1.14% | -0.54% | View data |
