The employment in the Stone, Sand and Clay Quarrying sector in Germany has experienced fluctuating trends from 2013 to 2023. The sector stood at 26.68 thousand Full-Time Equivalents (FTEs) in 2023.
Over the last two years (2022 and 2023), the employment figures increased modestly, with year-on-year variations of 0.68% and 0.66% respectively. The five-year Compound Annual Growth Rate (CAGR) up to 2023 was 1.29%, suggesting a steady but slow upward trend in employment.
Looking ahead, forecasts from 2024 to 2028 indicate a gradual increase in employment. The forecasted five-year CAGR is 0.5%, projecting a growth rate of 2.54% over the period, reaching 27.53 thousand FTEs by 2028.
Future Trends to Watch:
- Technology advancements and automation impacting labor demand.
- Sustainability regulations influencing operational practices.
- Potential economic fluctuations affecting sector investment.
