The employment in the seafood sector in Finland has seen a slight but consistent decline from 2013 to 2023. In 2023, the employment stood at 11.2 million hours, a year-on-year decrease of 0.88% from 2022. Over the last ten years, employment has fluctuated, peaking at 12.3 million hours in 2014 before gradually declining. The CAGR over the last 5 years (2018-2023) revealed an average annual decrease of 0.87%.
Future forecasts indicate a continued downward trend with the employment expected to reduce to 10.9 million hours by 2028. This signals an anticipated average annual decline of about 0.54% over the next five years.
Future Trends to Watch For:
- Technological advancements in the seafood sector which may drive efficiency and reduce man-hours needed.
- Policy and regulatory changes impacting the industry and employment levels.
- Global market dynamics affecting demand and the economic viability of the Finnish seafood industry.
