The employment in the wholesale of metals and metal ores sector in Germany is forecasted to decline steadily from 2024 to 2028. Starting at 56.49 thousand employees in 2024, it is expected to decrease annually to reach 52.44 thousand by 2028. This indicates a noticeable downward trend, with a year-on-year shrinkage of approximately 1.84% from 2024 to 2025. The CAGR over this five-year period is anticipated to be around -1.85%, reflecting a consistent contraction in workforce numbers, likely influenced by mechanization and shifts in global supply chains.
Future trends to watch for:
- An increase in automation and technology adoption within the sector, potentially leading to further workforce optimization.
- Market dynamics and regulatory changes in the European metals market that could impact employment.
- Global economic conditions and trade policies affecting the metals and metal ores supply chain.