Analyzing the employment trends in the clay building materials sector in Spain reveals a notable decline in the number of jobs. The number of persons employed stood at 15.29 thousand in 2023, a decrease from 16.67 thousand in 2022, indicative of an 8.3% year-on-year reduction. Over the past two years, the sector observed significant declines of 7.74% in 2022 and 8.3% in 2023. Notably, over the last five years, the sector's compound annual growth rate (CAGR) declined by 3.83%, reflecting a persistent downward trajectory since 2019.
Forecasts predict a continued downward trend, with employment expected to dip further to 8.57 thousand by 2028. This marks a sharp decline with a forecasted 38.41% drop over the next five years, translating to a negative CAGR of 9.24% per year.
Future trends to watch for include potential impacts from technological advancements in manufacturing processes, shifts in construction industry demands, and economic policies affecting raw material production. The sector must adapt to these trends to mitigate employment declines.
