The mining and quarrying sector in Germany is expected to see a considerable decline in employment from 2024 to 2028. Employment is forecasted to decrease from 25.25 thousand in 2024 to 14.36 thousand by 2028, showing a significant downward trend.
The year-on-year decline is anticipated to be substantial, with the largest drops occurring between 2025 and 2026 and continuing annually. The compound annual growth rate (CAGR) over these five years highlights an average decrease per year, signifying a consistent reduction in workforce over this period.
Future Trends to Watch For:
- Technological advancements leading to increased automation.
- Shifts towards renewable energy sources affecting demand for traditional mining products.
- Policy changes aimed at reducing environmental impact.