In 2023, the UK’s coke and refined petroleum products manufacturing sector recorded 16.77 million hours. Forecasts for 2024 to 2028 indicate a steady annual decline, with figures dropping from 16.61 million hours in 2024 to 15.97 million hours by 2028. This trend shows a year-on-year reduction of approximately 1% to 1.4%. The cumulative average growth rate (CAGR) over the period reflects an annual decrease of 1%. This sustained decrease highlights a contracting workforce or operational efficiency improvements resulting in reduced working hours.
Future trends to monitor include industry automation advancements and regulatory impacts on carbon emissions, which could further affect employment hours and industry operations.
