Employment in Spain's meat processing sector has shown a significant upward trend from 2013 to 2023. In 2023, the sector stood at 121.05 thousand full-time equivalents (FTE), marking a continuous increase from the figures in previous years. Specifically, year-on-year growth rates over the last two years were 3.43% in 2022 and 3.09% in 2023. The compound annual growth rate (CAGR) over the last five years stood at 3.92%, highlighting robust sector growth.
Forecasts for 2024 and beyond suggest continued, albeit slower, growth in employment numbers, with a forecasted CAGR of 1.76% over the next five years. By 2028, employment is expected to reach 135.75 thousand FTE, marking a total growth rate of 9.11% over this period.
Future trends to watch for:
- Technological advancements and automation which might influence employment rates.
- Regulatory changes impacting labor and production standards.
- Shifts in consumer demand towards alternative protein sources and the potential impact on traditional meat processing employment.
- Global trade policies affecting import and export dynamics within the sector.
