The employment in Spain's Manufacture of Clay Building Materials sector peaked around 2019-2020, reaching nearly 19 thousand FTEs. However, since 2021, the sector has experienced a consistent decline, witnessing a -7.48% decrease in 2021 and a -7.53% drop in 2022. A more dramatic decline is evident in 2023 with an -8.06% reduction, taking employment to 14.92 thousand FTEs. The anticipated trend from 2024 onwards suggests an ongoing sharp decline, with a five-year CAGR of -8.85%, resulting in an estimated 8.57 thousand FTEs by 2028. This extensive contraction represents a sizeable -37.07% drop in employment over the five-year period.
Future trends to watch for include the impact of technological advancements and automation in manufacturing, shifts in construction practices, and potential regulatory changes. Also, consider the effect of global market dynamics and supply chain disruptions on this sector.
