Between 2013 and 2023, employment in the manufacture of consumer electronics sector in the Netherlands decreased considerably, from 818 Full-Time Equivalent (FTE) to 384 FTE in 2023. The sector experienced various degrees of decline over the decade, with the most significant drops occurring in 2016 and 2021. The annual year-on-year variation for 2023 stood at -10.07%, while the Compound Annual Growth Rate (CAGR) from 2018 to 2023 was -6.28%.
Looking forward, the forecast from 2024 to 2028 predicts a continued downward trend, with employment figures expected to decline to 186 FTE by 2028. The forecasted average annual decline (CAGR) over this five-year period is -11.47%, indicating a 45.61% drop over the next five years.
Future trends to watch for include advancements in automation and outsourcing, which may further impact employment figures. Additionally, shifts in global supply chains and the increasing importance of sustainable practices could also play significant roles in shaping the employment landscape in this sector.
