Forecast: Number of Employees in Mining of Metal Ores Sector in Spain

The mining of metal ores sector in Spain has shown significant growth over the years. From 2014 to 2023, the number of employees increased from 1.24 thousand to 2.64 thousand, reflecting a compound annual growth rate (CAGR) of approximately 8.05%. Although the year-on-year growth rate showed fluctuations, with substantial peaks in 2015 (25.48%) and 2016 (17.04%), it has stabilized in recent years, with a modest 3.94% increase in 2023.

Over the next five years, employment in the sector is forecasted to continue its upward trend, albeit at a slower CAGR of 2.66%, reaching 3.12 thousand employees by 2028, representing a forecasted 14.04% growth. Given these trends, the sector is expected to experience stable but slower growth.

Future trends to watch for:

• Technological advancements and automation impacting labor demand.
• Environmental regulations and sustainability practices potentially affecting operational size.
• Market fluctuations in metal prices influencing sector expansion or contraction.