The Non-Ferrous Metal Ore Mining sector in Spain has seen a steady increase in employment figures from 2013 to 2023. Employment stood at 2.74 thousand employees in 2023. The data indicates significant growth, especially in the recent years, illustrating positive sector dynamics. Notably, employment numbers rose sharply from 2015 to 2023, reflecting increased activity and expansion in the industry.
Year-on-year analysis over the last two years reveals a consistent percentage growth: 5.32% in 2022 and 5.05% in 2023. When observing the Compound Annual Growth Rate (CAGR) over the past five years, we see an average annual increase of 4.66%, demonstrating vigorous sustainable growth. Forecasts suggest a continuous upward trend, with an estimated CAGR of 3.3% leading to a forecasted employment figure of 3.38 thousand by 2028, marking a 17.64% growth over five years.
Future trends to watch for include potential technological advancements and automation that could impact employment growth, market demand fluctuations, and regulatory changes influencing the mining industry's labor force needs.