The number of persons employed in the German dyes and pigments industry has shown fluctuating trends from 2013 to 2023. In 2023, it stood at approximately 7.69 thousand employees. The period saw notable highs in 2016 and 2020, with significant year-on-year variations such as a 34.38% increase in 2016 and a 21.89% rise in 2020. However, declines were also frequent, including a -5.37% change from 2022 to 2023. From 2023 to 2028, the forecast indicates a steady decline with a -5.16% CAGR, reflecting a shrinking industry with a projected 23.26% decrease in employment over the next 5 years.
Future trends to watch for:
- Increasing automation and technological advancements leading to reduced labor requirements.- Potential regulatory changes impacting the industry's operational capacities.- Shifts in global demand affecting local employment levels.
