Analyzing the data for employment in the meat processing sector in Germany from 2013 to 2023, it is observed that employment peaked in 2018, reaching 184.25 thousand FTEs, followed by a declining trend. As of 2023, employment stood at 175.69 thousand FTEs, indicating a -0.21% year-on-year decline. The average annual growth rate (CAGR) over the last five years is -0.95%, showing a slight downward trend.
Looking ahead, the forecast for the period from 2024 to 2028 suggests a continued slight decline in employment, with a forecasted annual average growth rate (CAGR) of -0.16%. The total forecasted growth rate over these five years is expected to be -0.81%.
Future trends to watch for:
- Potential impacts of automation and technological advancements on employment.
- Changes in regulatory policies affecting the meat processing sector.
- Market shifts towards plant-based and alternative protein sources.
- Socio-economic factors influencing workforce dynamics in the industry.
- Consumer preferences and their potential impact on meat processing demand.
