The employment in the Manufacture of Electric Lighting Equipment sector in Belgium has shown a declining trend from 2013 to 2023. It peaked at 3.14 thousand FTEs in 2015, followed by a steady decline. By 2023, it stood at 1.87 thousand FTEs. Year-on-year variations have seen significant fluctuations, notably the 26.03% increase in 2015 and a sharp decrease in subsequent years. Over the last two years, the sector saw declines of 3.55% in 2023 and 1.77% in 2022. The CAGR for the past five years is -4.08%, indicating an average annual contraction in employment.
Looking ahead, the forecasted data from 2024 to 2028 suggest a continued decline, with a predicted fall to 1.28 thousand FTEs by 2028. The forecasted CAGR is -6.14%, with a forecasted five-year growth rate of -27.14%.
Future trends to watch for include rapid technological advancements, potential shifts in global supply chains, increased automation, and evolving environmental regulations, which may significantly impact employment within the sector.
