The employment trend in the Sawmilling and Planing of Wood sector in Italy has shown a continuous decline from 2013 to 2023. The number of persons employed decreased from 16.61 thousand employees in 2013 to just 6.95 thousand in 2023, reflecting a persistent downward trajectory. The year-on-year variations have mostly been negative, with the largest drops occurring in 2013 and 2023 at -18.72% and -12.72% respectively. Over the last five years, the CAGR (Compound Annual Growth Rate) has been approximately -9.33%.
Looking forward, the forecast data from 2024 to 2028 suggests a dramatic decrease in employment, reaching as low as 1.2 thousand employees by 2028. This represents a forecasted 5-year CAGR of -26.93%, indicating an acceleration in the rate of decline. The sector is predicted to experience significant shrinkage, with a forecasted 79.17% reduction in employment from 2023 to 2028.
Future trends to watch for:
- Technological advancements and automation potentially reducing labor requirements further.
- Increased competition from alternative building materials and methods.
- Potential ecological and regulatory changes impacting the wood industry.
- Market consolidation leading to fewer but larger players in the industry.
- Global market dynamics influencing Italian sawmilling and planing operations.
