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Galician Metal Industry Reports Strong 2024 Growth but Faces Labor Shortages

Sector turnover rose 10% to €18.5 billion with 3% employment growth, yet a shortfall of up to 5,000 skilled workers limits expansion potential.

Enrique Mallón, durante la presentación de Asime
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Overview

  • The Galician metal industry achieved a 10% increase in turnover, reaching €18.545 billion in 2024, while employment grew by 3% to over 60,000 workers.
  • Exports rose by 4.9% to €12.371 billion, with Turkey emerging as a key destination, while imports fell by 13.4%, improving the trade balance.
  • More than 50% of companies report unfilled staffing needs, with a shortage of up to 5,000 skilled workers hindering further growth.
  • ASIME and the Xunta are focusing on defense-related investments, aiming to involve 150 companies and create 3,000 jobs over the next decade.
  • The sector's 2025 outlook is stable or modestly positive, contingent on addressing workforce shortages and leveraging strategic investments.