Between 2013 and 2023, employment in the German Casting of Iron and Steel sector experienced fluctuating values, peaking at 43.38 thousand in 2018 and dropping significantly to 36.12 thousand in 2020. As of 2023, the employment stood at 42.7 thousand. Year-on-year variations reveal considerable volatility, notably a -15.23% dip in 2020 followed by a robust recovery with 9.09% in 2021 and 5% in 2022. The CAGR for the past five years highlights a minute contraction of -0.31% annually.
Future trends to watch for:
• With the current forecast, incremental growth is expected, projecting almost stable employment figures.
• The forecasted 5-year CAGR is virtually flat at 0.04%, suggesting subdued growth in employment.
• Market dynamics such as technological advancements and sustainability initiatives may influence future employment trends significantly.
