Forecast: Employment in Fertilizers Sector in Belgium

In 2023, employment in the fertilizers sector in Belgium stood at an actual value of 2.3 thousand full-time equivalents (FTEs). The forecast for 2024 anticipates an increase to 2.39 thousand FTEs, which represents a year-on-year growth of about 3.9%. This upward trend continues, with expected values reaching 2.49 thousand FTEs in 2025 (4.2% growth), 2.6 thousand FTEs in 2026 (4.4% growth), 2.71 thousand FTEs in 2027 (4.2% growth), and 2.81 thousand FTEs in 2028 (3.7% growth). Over the last five years, the Compound Annual Growth Rate (CAGR) is projected to average around 4.08%.

Future trends to watch for include:

• Technological advancements in fertilizer production that may increase efficiency and potentially impact employment numbers.
• Environmental policies and regulations that could affect the sector's labor market dynamics.
• Global economic factors that might influence demand for fertilizers, thereby affecting employment in the sector.
• Potential shifts towards sustainable agriculture, which could alter employment structures within the sector.