Forecast: Employment in Refined Petroleum Products and Coke Sector in Canada

The employment in the Refined Petroleum Products and Coke sector in Canada is projected to gradually decrease from 13.69 million hours in 2024 to 13.47 million hours in 2028. This forecast represents a consistent decline with a compound annual growth rate (CAGR) of approximately -0.4% over these five years. The consistent reduction in employment hours may reflect increased efficiency, automation, or shifts towards alternative energy resources.

Future trends to watch for in this sector include:

  • Advancements in refining technology that could impact employment.
  • Policy changes favoring renewable energy sources.
  • Potential global economic shifts affecting oil demand.
  • Regulatory changes and environmental guidelines impacting operational practices.

Top Countries about Refined Products