Based on the provided forecast data, the values of hours worked in million hours are as follows:
- 2024: 7.091
- 2025: 6.7862
- 2026: 6.4874
- 2027: 6.1947
- 2028: 5.9078
Year-on-Year Variations
| Year | Value (Million Hours) | YoY Variation (%) |
|---|---|---|
| 2024 | 7.091 | - |
| 2025 | 6.7862 | -4.29% |
| 2026 | 6.4874 | -4.40% |
| 2027 | 6.1947 | -4.52% |
| 2028 | 5.9078 | -4.63% |
Compound Annual Growth Rate (CAGR)
The CAGR over the forecast period (2024-2028) is approximately -3.64%.
Future Trends
Future trends suggest a continuing decline in hours worked in the Dyes and Pigments sector in the UK. Factors to monitor include advancements in automation, shifts in labor market dynamics, and environmental regulations that could impact operational demands and workforce requirements.
