The employment in the Wood Panel Products and Veneer Sheets sector in Spain has seen fluctuations over the past years. From 2013 to 2023, employment rose from 6.71 thousand FTE to 8.18 thousand FTE. Notably, there was steady growth from 2013 to 2020, peaking mid-decade, before slight declines from 2021 onwards. The year-on-year variation was positive in most years until 2020, but turned into minor declines in employment from 2021 to 2023. The CAGR over the last five years shows a negligible decrease of -0.32% annually.
Looking forward, employment is forecasted to gradually decline from 8.09 thousand FTE in 2024 to 7.74 thousand FTE by 2028, with an average annual decrease (CAGR) of -0.87%. Monitoring the impact of technological advancements and sustainability trends on employment as well as the broader economic conditions in Spain is crucial.
