The employment forecast in Brazil's refined petroleum products sector indicates a consistent declining trend from 2024 onwards. In 2023, the number of persons employed stood at approximately 50,000. By 2028, this figure is expected to drop to 46,010, representing a CAGR of -1.67% over the five-year span. This downward trend suggests a yearly reduction in workforce as technological advancements, efficiency improvements, and potential shifts towards alternative energy sources influence employment numbers.
Future trends to watch for include:
- The impact of automation and technology in refining processes.
- The effect of government policies favoring renewable energies.
- Global oil market fluctuations and their implications for local employment.
