From 2013 to 2015, the employment in the Prepared Animal Feeds sector in Sweden saw growth, peaking in 2015. However, from 2016 onward, the sector entered a consistent decline. By 2023, the employment had dropped to 659 Full-Time Equivalents (FTE), marking a steady annual decrease. The CAGR from 2018 to 2023 showcases an average annual decline of -2.29%. Forecasted data predicts this trend of gradual decline will continue, with a forecasted employment of 624 FTEs by 2028.
Over the last two years (2021-2023), there's been a modest annual decline in employment figures. It is important to note that the upcoming five years show a slower decline, with a forecasted 5-year CAGR at -0.84% and a total decrease of 4.15% by 2028.
Future trends to watch for include potential technological advancements in the sector, shifts in market demand, and possible regulatory changes impacting production capacity and employment levels. Monitoring these factors will be crucial to understanding future employment trends in the Prepared Animal Feeds sector in Sweden.
