In 2023, the United States led with 25.48 thousand persons employed in fabricated metal products, followed by Germany (14.86k), and Japan (12.91k). Year-over-year, the US and Germany saw marginal growths of 0.21% and 0.26%, respectively. South Korea (1.34%) and Poland (1.52%) also showed significant positive growth. Conversely, Japan (-0.34%), the UK (-1.57%), Spain (-1.31%), and Belgium (-1.69%) experienced declines.
The 5-year Compound Annual Growth Rate (CAGR) for these countries points to continuous fluctuations, emphasizing the importance of regional policy, economic conditions, and technological advancements influencing these trends.
Looking ahead, factors likely to impact global employment in the fabricated metal products sector include advancements in automation, shifts towards sustainable manufacturing practices, and geopolitical developments. Growth is expected in emerging markets with increasing industrialization and investment in manufacturing capabilities.
Top countries in Number of Persons Employed in Fabricated Metal Products Share by Country (Thousand Units (Persons))
# | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 United States | 25.48 | 2023 | +0.18% | +0.21% | View data |
2 | 2 Germany | 14.86 | 2023 | +0.32% | +0.26% | View data |
3 | 3 Japan | 12.91 | 2023 | -0.48% | -0.34% | View data |
4 | 4 South Korea | 8.54 | 2023 | +0.96% | +1.34% | View data |
5 | 5 Poland | 6.12 | 2023 | +1.75% | +1.52% | View data |
6 | 6 France | 4.7 | 2023 | -0.33% | -0.067% | View data |
7 | 7 United Kingdom | 4.56 | 2023 | -0.59% | -1.57% | View data |
8 | 8 Spain | 3.67 | 2023 | -0.8% | -1.31% | View data |
9 | 9 Czech Republic | 3.41 | 2023 | +0.93% | +0.85% | View data |
10 | 10 Colombia | 1.97 | 2023 | -1.14% | -0.54% | View data |