Employment in the Glass and Glass Products sector in Austria has shown a fluctuating trend over the past decade. In 2023, employment stood at 8.18 thousand full-time equivalents. From 2013 to 2023, the sector experienced a varying annual decline and growth, with notable decreases in mid-2010s and minor increases or stable periods afterward. The CAGR (Compound Annual Growth Rate) over different periods showcased small growth in earlier years but a slight decline in recent data: from a positive trend in the late 2010s to a negative -0.84% CAGR by 2023.
Looking ahead, projections suggest a continued decline through 2028, with a forecasted 5-year CAGR of -0.73%. This indicates a steady reduction in employment, anticipating a -3.59% drop by 2028.
Future trends to watch for include advancements in automation and technology within the industry, potential changes in local and EU regulations, and shifts in market demand for glass products that could further influence employment numbers.
