The aluminium industry in Norway is projected to see a decline in hours worked from 2024 through 2028. In 2023, the actual hours worked stood at 10.4 million hours. The forecasted data for subsequent years show a gradual decrease: 10.2 million hours in 2024, 10.041 million hours in 2025, 9.8846 million hours in 2026, 9.7294 million hours in 2027, and 9.5758 million hours in 2028. The year-on-year variation shows incremental decreases:
- 2024: -1.92%
- 2025: -1.56%
- 2026: -1.56%
- 2027: -1.57%
- 2028: -1.58%
Over the five-year period, the Compound Annual Growth Rate (CAGR) for hours worked is projected to be -1.64%, indicating a consistent annual decline.
Future trends to watch for include shifts in global demand for aluminium, technological advancements in production efficiency, and policies related to labor and environmental regulations which could further influence hours worked. Additionally, factors such as automation and economic conditions will play a significant role in shaping labor requirements in the aluminium sector.
