The employment in the kitchen furniture sector in Belgium has shown variability over the past decade, with some significant fluctuations. Between 2013 and 2019, the number of employees ranged between 2.59 to 2.86 thousand, exhibiting both positive and negative year-on-year changes. Notably, in 2019, there was a 7.43% increase compared to the previous year. Post-2019, the sector stabilized somewhat, with growth slowing to a modest 2.06% in 2020 and dropping by 5% in 2021. From 2022 onwards, employment figures stabilized at 2.78 thousand and are forecasted to remain relatively constant, with minimal fluctuations projected over the next five years.
Several trends can be observed:
- 2023 employment stood at 2.78 thousand employees.
- The last two years showed a stabilization with no significant changes in employment figures.
- Despite some fluctuations in earlier years, the overall Compound Annual Growth Rate (CAGR) over the last five years is a modest 0.86%.
- Future year forecasts suggest slight average annual employment growth with a projected CAGR of 0.06% until 2028.
Future trends to watch for include potential impacts of economic conditions, technological advancements in manufacturing, and shifts in consumer preferences. These factors could either drive demand for kitchen furniture, requiring higher employment, or lead to efficiency improvements that could stabilize or reduce the need for labor over the coming years.
