The employment trend in Spain's cocoa, chocolate and sugar confectionery sector has shown a general decline from 2013 to 2023. In 2013, employment stood at 16.03 thousand FTEs, but by 2023 this had decreased to 11.91 thousand FTEs, representing a significant overall drop. Year-on-year variations highlight this decline, with significant dips, such as the -20.81% drop in 2016, and smaller annual decreases in recent years, such as -2.29% in 2023. The CAGR over the past five years averages at -1.69%, indicating a steady downward trend.
Looking forward, the forecasted data up to 2028 indicates the continuation of this downward trend, with employment projected to fall to 10.55 thousand FTEs at a negative five-year CAGR of -1.92% and an overall decrease of -9.24% over the five years.
Future trends to watch for include technological advancements in production, shifts in consumer preferences towards healthier options, and potential regulatory changes affecting the sector. These factors could either compound the current employment decline or offer new growth opportunities, depending on how the industry adapts.
