Forecast: Meat Processing Number of Persons Employed in Denmark

The data reveals a significant decline in the number of persons employed in the meat processing industry in Denmark from 2013 to 2023. The employment levels decreased from 13.07 thousand in 2013 to 9.38 thousand in 2023, indicating a steady downward trend. The most pronounced drop occurred between 2015 and 2016 with a 21.07% year-on-year reduction. Although there was a slight recovery in 2018 with a 4.7% increase, the overall trend remained negative.

Year-on-year variations in the last two years show a consistent decline, with a -1.58% change in 2022 and a -1.58% change in 2023. The compound annual growth rate (CAGR) over the past five years stands at -1.38%, underscoring a persistent reduction in employment in the sector.

Forecasted data suggests a continuation of this trend. The employment level is expected to further decrease to 8.65 thousand by 2028, indicating a forecasted 5-year CAGR of -1.3% and an overall reduction of around 6.33% from 2023 levels.

Future trends to watch for include automation and technological advancements in meat processing, which could further impact employment levels. Additionally, shifts in consumer preferences towards plant-based proteins and regulatory changes related to meat production may influence the industry's workforce dynamics.

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