The number of persons employed in the dyes and pigments sector in Belgium has shown considerable fluctuations over the years. Starting from 854 employees in 2013, there has been an overall trend of growth and decline, with a significant peak of 1210 employees in 2015. Since then, the numbers have stabilized around the 1070 mark from 2021 onwards, with negligible variation expected up to 2028. Importantly, the year-on-year variation highlights volatile changes, such as a -14.25% drop in 2019, followed by a period of stabilization with 0% changes from 2022 to 2023.
Key year-on-year variations:
- 2014: +20.61%
- 2015: +17.28%
- 2019: -14.25%
- 2021: +8.41%
- 2022 to 2023: 0%
The Compound Annual Growth Rate (CAGR) over the past five years (2019 to 2023) is -1.57%, reflecting a general decline, which contrasts with higher rates seen earlier in the decade. For the future, the forecast indicates no growth with a zero CAGR expected between 2024 and 2028, maintaining a stable employment figure of 1070 employees.
Future trends to watch for include technological advancements that could impact employment needs, shifts in the global dyes and pigments market, and potential regulatory changes in Belgium and the EU that might influence industry dynamics.
