The employment in the Food, Beverages, and Tobacco sector in Spain experienced various fluctuations from 2013 to 2023, with a notable decline in 2016, but some recovery in recent years. In 2023, the employment stood at 711.94 million hours. Over the last two years, the sector saw year-on-year variations of -2.86% in 2022 and -0.65% in 2023. Analyzing the longer trend, the Compound Annual Growth Rate (CAGR) was slightly positive at 0.15% over the last five years.
Forecasted data from 2024 to 2028 indicate a continued slow decline in employment, with a forecasted CAGR of -0.31% and an overall growth rate of -1.56% over five years. This suggests a gradual reduction in employment levels in this sector.
Future trends to watch for include:
- Technological advancements and automation impacting employment levels.
- Shifts in consumer preferences and their potential effects on the sector's employment needs.
- Policy changes and economic factors influencing job creation and sustainability in the industry.