The number of employees in the Glass and Glass Products sector in Belgium has seen a consistent decline from 2013, where the workforce stood at 7.29 thousand, to 2023, which saw the number drop to 6.46 thousand. The year-on-year percentage variation indicates a general downward trend, with minor fluctuations. Significant declines were noted in 2020 (-7.96%) and over the last two years: 2022 (-2.72%) and 2023 (-2.77%). The CAGR over the last five years has been -3.14%, reflecting the sector's sustained reduction in employment.
Forecast data suggests a continuation of this decline, reaching approximately 5.57 thousand employees by 2028, with a forecasted 5-year CAGR of -2.38%. The forecasted 5-year growth rate is expected to be -11.34%.
Future trends to watch for include:
- Automation and technological advancements that may further reduce labor needs.
- Economic factors impacting local and global demand for glass products.
- Environmental regulations influencing production processes and employment.
- Potential shifts in the industry due to trade policies or market demands.