The employment in the Casting of Iron and Steel sector in Belgium has experienced considerable fluctuations over the years. From a high point in 2013, the sector saw a decline in employment through to 2015, with the lowest point observed in that year. A recovery was noted in 2016 and 2017, with a significant increase in employment, but subsequent years showed a mixed trend of declines and modest increases.
From 2020 onwards, the employment level stabilizes slightly around the 1.6 thousand mark, with minor year-on-year variations. In 2023, employment stood at 1.62 thousand and is projected to remain relatively stable through 2028, with a modest forecasted decrease. The Compound Annual Growth Rate (CAGR) over the last 5 years shows a slight yearly decrease.
Future trends to watch for include potential technological advancements and automation within the sector, which may further impact employment levels. Additionally, shifts in global economic conditions and environmental regulations could also play a crucial role in shaping employment trends in the Casting of Iron and Steel sector in Belgium.
