Employment in the Casting of Iron and Steel sector in Poland has shown a mixed trend over the past decade. In 2013, employment stood at 11.19 thousand full-time equivalents (FTEs), declining steadily with minor fluctuations until it dropped significantly in 2020 to 9.43 thousand FTEs, a year-on-year decrease of 11.1%. However, there was partial recovery in 2021 and 2022 with employment figures climbing to 9.97 and 10.22 thousand FTEs respectively. By 2023, the figure reached 10.34 thousand FTEs, slightly rising by 1.21% from the previous year.
Over the last two years, year-on-year variation shows:
- 2022: +2.46%
- 2023: +1.21%
The last five years' Compound Annual Growth Rate (CAGR) indicates an average annual decrease of -0.95%. Looking forward, the employment is predicted to decline further at a forecasted five-year CAGR of -0.83%, leading to a reduction to 9.82 thousand FTEs by 2028.
Future trends to watch for include potential impacts of automation, shifts in demand for iron and steel, and macroeconomic factors influencing industrial production. Close monitoring of these factors will be critical to understand their effects on employment in this sector.
