The Industrial Gases sector in Finland experienced fluctuations in hours worked from 2013 to 2023, with a general upward trend. Actual hours worked ranged from 855.3 thousand hours in 2013 to 962.56 thousand hours in 2023. Notably, 2013 saw a significant year-on-year increase of 11.11%, while 2019 saw a decline of 1.63%. Recent years (2022 and 2023) show marginal increases of around 0.6% to 0.58%. The five-year CAGR moving into 2023 has been positive, though modest, at approximately 0.32% per year.
Forecasts from 2024 suggest continued steady growth in hours worked, with a five-year CAGR of 0.43% and an overall growth rate of 2.16% through 2028. By 2028, hours worked are expected to reach 988.92 thousand hours.
Future Trends to Watch For:
- Technological advancements and automation in the industrial gases sector which could affect labor demand.
- Impact of environmental regulations and sustainability initiatives on operational hours.
- Broader economic shifts and industrial activity levels in Finland impacting sector labor needs.
