Between 2013 and 2023, the number of employees in the Glass and Glass Products sector in Denmark has experienced a consistent decline. From a peak of 2.09 thousand employees in 2014, the sector saw a steady decrease, reaching 1.14 thousand employees in 2023. This period was marked by notable year-on-year variations, including a significant drop of 16.32% in 2015 and modest increases, such as 4.56% in 2018. Over the last two years, the sector continued its downward trend with year-on-year decreases of 5.28% in 2022 and 5.57% in 2023.
Looking forward, the forecasted data from 2024 to 2028 continues to indicate a declining trend, with the number of employees expected to reach 0.813 thousand by 2028. This represents a forecasted 5-year CAGR of -5.35% and a total decrease of 24.02% from the number of employees in 2023.
Future Trends to Watch For:
- Impact of automation and technological advancements on workforce size.
- Shift in market demand for glass and glass-related products.
- Sustainability practices influencing production methods and labor requirements.
- Economic factors and policy changes affecting the manufacturing sector in Denmark.