In 2023, the number of persons employed in the cutlery industry in Germany was 6.24 thousand employees. Observing the forecasted data from 2024 to 2028, the number of employees is expected to gradually decrease as follows:
- 2024: 6.22 (-0.32% YoY)
- 2025: 6.2 (-0.32% YoY)
- 2026: 6.19 (-0.16% YoY)
- 2027: 6.17 (-0.32% YoY)
- 2028: 6.15 (-0.32% YoY)
Analyzing the last two years, the YoY decrease is marginal but consistent at roughly -0.32%. The five-year compound annual growth rate (CAGR) also shows a declining trend, albeit gradual, revealing an average yearly decrease in employment figures over this period.
Future trends to watch for include advancements in automation and manufacturing technologies, potential shifts in consumer demand and material innovations which may further influence employment numbers in the cutlery industry. Additionally, economic factors and trade policies could have significant impacts on employment trends in this sector.
