The latest data on business demography reveals significant trends in the number of enterprises and termination rates across various industries in 2020 and 2021. The statistics, categorized by unit, status, industry (based on DB07 127-grouping), and time, shed light on the dynamic nature of the business landscape.
According to the data, the total number of terminated enterprises increased from 3,929 in 2020 to 4,291 in 2021 across all industries. However, new enterprises also emerged during this period, with a rise from 10,728 in 2020 to 11,248 in 2021.
In the agricultural and horticultural sector (01000), the number of terminated enterprises remained relatively stable, with 112 in 2020 and 130 in 2021. Similarly, the forestry industry (02000) experienced a minor increase from 10 terminations in 2020 to 11 terminations in 2021. The fishing sector (03000) saw a notable increase in terminations, with the number rising from 3 in 2020 to 9 in 2021.
In contrast, the extraction of oil and gas industry (06000) reported no terminations in either year. However, the extraction of gravel and stone industry (08009) saw a single termination in 2021.
The manufacturing sector showcased mixed results across different sub-industries. While some industries experienced an increase in terminated enterprises, others saw a decrease or remained stable. For instance, the manufacture of meat and meat products (10001) reported no terminations in either year. However, the processing and preserving of fish industry (10002) experienced a shift, with 3 terminations in 2020 and none in 2021. Similarly, the manufacture of dairy products (10003) observed an increase in terminations from zero in 2020 to 2 in 2021.
In the food manufacturing sector, the manufacture of grain mill and bakery products (10004) and other food products (10005) witnessed a slight increase in terminations, whereas the manufacture of beverages (11000) remained relatively stable.
The construction industry displayed a fluctuating pattern, with 48 terminations in the construction of buildings (41000) in 2020 and 46 terminations in 2021. Civil engineering (42000) experienced a modest rise in terminations from 10 in 2020 to 13 in 2021. However, construction installation activities (43001) and building completion and finishing (43002) reported an upward trend in terminations from 49 and 176 in 2020 to 60 and 197 in 2021, respectively.
Among the retail sectors, the sale of motor vehicles (45001) and the repair and maintenance of motor vehicles (45002) witnessed a decline in terminations from 2020 to 2021. However, other segments, such as the wholesale of textiles and household goods (46004) and retail sale of textiles and household equipment (47005), reported an increase in terminations.
Moreover, various service-oriented industries, such as business consultancy activities (70000), architectural and engineering activities (71000), and information technology service activities (62000), exhibited growth in both terminated and new enterprises.
The data highlights the dynamic nature of the business landscape, with some industries experiencing growth and new establishments while others face terminations. These statistics provide valuable insights for policymakers, researchers, and businesses to understand industry-specific trends