In 2023, the total hours worked by employees in the spirits sector in Germany stood at 6.4326 Million Hours.
The forecasted data from 2024 to 2028 shows a decreasing trend in the number of hours worked, starting from 6.3551 Million Hours in 2024, declining each year, and reaching 6.0496 Million Hours by 2028.
Year-on-year percentage variations from 2024 to 2026 show a decline of approximately 1.2% from 2024 to 2025 and around 1.2% again from 2025 to 2026. Between 2026 and 2027, the decline slightly moderates to about 1.2%, and from 2027 to 2028, it stands at roughly 1.2%.
The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately -1.2%, indicating a steady decline in hours worked.
Future trends to watch for include developments in automation and productivity enhancements, which may further reduce the need for workforce hours. Additionally, shifts in consumer preferences and regulatory changes could impact the overall demand for labor in the spirits sector.
