The sector has experienced significant declines over the past decade, with a -1.95% decrease in 2013 and fluctuations thereafter. Major contractions occurred in 2015 (-23.82%) and 2018 (-25.26%), reflecting an overall negative trend. Over the last two years, employment dropped by -14.16% in 2022 and -16.26% in 2023. The average annual decline (CAGR) over the last five years has been -10.27%. A severe forecasted decrease is expected, with a -92.75% reduction by 2028 and a forecasted 5-year CAGR of -40.83%.
Future trends to watch include the digitalization of the industry, automation, and evolving consumer preferences, which may accelerate job declines. Monitoring technological advancements and the shift towards digital media will be crucial.
