The Basic Chemicals Sector in Germany has exhibited considerable variability in employment numbers from 2013 to 2023. Notably, the sector saw a steep decline from 2013 to 2016, hitting a low in 2016 with a -6.84% year-on-year decrease. A significant rebound occurred in 2017 with a 23.3% increase, followed by steady growth over the subsequent years. By 2023, the employment stood at 149.31 thousand full-time equivalents (FTEs), reflecting a 2.4% year-on-year increase, continuing an overall upward trend with a CAGR of 1.32% over the past five years.
Future trends to monitor include the forecasted average annual growth rate of 1.71% over the next five years, leading to an expected employment of 166.3 thousand FTEs by 2028. Key factors influencing this trend will be advancements in chemical technologies, regulatory changes, and the overall economic environment in Germany.
