The peat extraction sector in Germany is projected to see a gradual decline in employment numbers from 2024 to 2028. Employment is expected to drop from 1.52 thousand in 2024 to 1.43 thousand by 2028. This forecasted decline reflects ongoing challenges in the industry. The contraction from 2024 to 2025 is about 1.32%, and from 2025 to 2026 is around 2%. The year-on-year decline tends to stabilize slightly, with the average annual decline over the five-year period being modest. In 2023, this sector employed a similar level to early forecasts for 2024.
Future trends to watch for:
- Environmental policies impacting peat extraction activities.
- Technological advancements and their effect on employment levels.
- Shifts in energy markets that might influence demand for peat.
