The employment in the Manufacture of Jewellery and Related Articles sector in Finland has shown a consistent declining trend from 2013 to 2023, with a significant drop observed year-on-year. From 2013 to 2016, employment decreased sharply, with brief fluctuations such as a small increase in 2016. Over the last five years, from 2018 to 2023, the Compound Annual Growth Rate (CAGR) indicates an average yearly decline of 3.68%. The year-on-year variation for the last reported year (2023) stands at -4.08%, showcasing a continuing downward trend.
Looking forward to the forecasted data from 2024 to 2028, a further decline is anticipated with a forecasted CAGR of -3.85%. By 2028, employment is projected to decrease by approximately 17.81% from the 2023 levels, highlighting persistent challenges in this sector.
Future trends to watch for:
- Technological advancements and automation potentially reducing labor requirements.
- Shift in consumer preferences impacting demand for luxury jewelry products.
- Possible policy changes or economic factors that could influence the labour market.