The Rubber Products Manufacturing sector in the Netherlands has seen a decline in employment from 3.06 thousand (FTE) in 2013 to 2.87 thousand in 2023. This series expressed in thousands (FTE) highlights significant year-on-year variations and a fluctuating Compound Annual Growth Rate (CAGR). The years 2016 marked a temporary uptick, but the sector has generally seen a declining trend since 2017, with a negative CAGR over the last five years averaging -2.05% terminating in 2023.
Last two years showed year-on-year decreases of -1.81% in 2022 and -1.68% in 2023. Going forward, the employment rate is projected to decrease, reaching 2.67 thousand by 2028, with a forecast 5-year CAGR of -1.11%, translating to a -5.41% growth rate over the forecasted period.
Future trends to watch for include:
- Technological advancements potentially reducing the need for human labor.
- Industry shifts toward automation and efficiency.
- Potential external shocks such as economic recessions or supply chain disruptions.
