The employees in the seafood sector in Finland expressed in million hours have shown a generally stable trend over the past decade, with a noteworthy increase in 2017 and again in 2020. From 2013 to 2023, the value had minor ups and downs with a slight increase in 2017 and 2020, stabilizing at 1.5 million hours from 2020 through 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 1.39%, indicating steady albeit modest growth.
Looking forward, forecasts predict a continuation of this stability with a slight increase anticipated for 2025, bringing the figure up to 1.6 million hours and holding steady through 2028. The forecasted CAGR for the next five years is 1.3%, with an overall growth of 6.67% expected from 2023 to 2028.
Trends to watch for:
- Technological advancements and automation's impact on labor needs.
- Environmental regulations influencing industry operations.
- Consumer demand shifts, especially for sustainable seafood options.
- Global market conditions and their effect on exports.
