Based on the provided data:
- 2024: 27.009 million hours
- 2025: 26.657 million hours
- 2026: 26.308 million hours
- 2027: 25.963 million hours
- 2028: 25.622 million hours
Year-on-year variations (YoY percentage change):
- 2025: -1.30%
- 2026: -1.31%
- 2027: -1.31%
- 2028: -1.32%
Compound Annual Growth Rate (CAGR) from 2024 to 2028: -1.33%
Future Trends to Watch
Analysts should monitor shifts in consumer preferences towards healthier and alternative breakfast options, industry automation advancements, and potential socio-economic impacts such as labor market changes and policy influences on workforce hours. These factors could significantly influence the demand for labor in the cereal products industry in Belgium.
