Forecast: Employment in Manufacture of Structural Metal Products Sector in Finland

The employment in the Manufacture of Structural Metal Products sector in Finland has experienced fluctuations over the years. From 2013 to 2023, the sector saw periods of both growth and decline, with notable increases in 2017 and 2020. The employment peaked in 2020 at 10.68 thousand FTEs, but slightly declined to 10.02 thousand FTEs by 2023. Over the last two years, from 2021 to 2023, there has been a very slight decrease in employment, with year-on-year variations of -0.12% each year. The compound annual growth rate (CAGR) over the last five years indicated a mild decline of -0.57%.

Looking at the forecast from 2024 to 2028, the sector is expected to experience a slight but steady decline in employment, with a projected 0.09% annual decrease, resulting in a forecasted employment figure of 9.96 thousand FTEs by 2028. The five-year growth rate is anticipated to be -0.46%, indicating a generally stable but modest downturn.

Future trends to watch for include technological advancements and automation in manufacturing processes, which could impact employment if machinery begins to replace human labor. Additionally, potential fluctuations in demand for structural metal products, driven by construction industry trends and international economic conditions, could influence employment levels in this sector.