The employment in the Basic Chemicals sector in the Netherlands has shown a fluctuating pattern with a general downward trend. Starting at 14.06 thousand employees in 2013, there was a peak decrease of 15.2% that year. Over the following decade, employment numbers in this sector consistently declined from 13.76 thousand in 2014 to 11.61 thousand in 2028. Notable volatility includes a drop of 5.7% in 2017 and a rise of 4.91% in 2021. The most recent actual data in 2023 displays a slight decline to 12.46 thousand employees, marking a year-on-year decrease of 1.39%. The five-year CAGR stood at 0.27% in 2023, indicating a slow annual change.
Looking ahead, the forecasted data predicts a gradual yet continuous shrinkage in employment. By 2028, the number is expected to fall to 11.61 thousand, portraying a forecasted 1.13% year-on-year decrease with a forecasted 5-year growth decline of 5.51%.
Future trends to watch for include:
- Technological advancements and increased automation in the chemical industry might contribute to employment reductions.
- Global economic conditions and trade policies that could impact the sector either positively or negatively.
- Sustainability efforts and regulatory changes that might alter the workforce demand in this sector.
