Employment in the Wood Panel Products and Veneer Sheets sector in France shows a consistent decline since 2013. From 2013 to 2023, employment decreased from 5.06 thousand Full-Time Equivalents (FTE) to 3.65 thousand FTE, reflecting a significant downward trend.
Year-on-year variation indicates substantial fluctuations: the most notable changes were observed between 2016 and 2017 (6.16% increase), 2021 and 2022 (-4.74%), and 2022 to 2023 (-4.92%). The CAGR over the last five years from 2018 to 2023 is -4.5%, highlighting a steady annual decline.
Looking forward, forecasted data from 2024 to 2028 predict continued decreases, with an estimated annual average reduction rate (CAGR) of -4.61% and an overall drop of around 21.03% by 2028.
Future trends to watch for:
• Technological advancements and automation impacting labor needs in the sector.
• Potential industry consolidation or shifts towards more sustainable production methods.
• Policy and economic changes within France and the broader E.U. that could influence employment dynamics.
