Over the past decade, the employment in the Carpets and Rugs sector in Finland has exhibited a downward trend, with the Full-Time Equivalent (FTE) employment numbers decreasing from 50 in 2013 to 37 in 2023. Year-on-year variation has been largely negative, highlighting a consistent reduction in workforce. Notably, 2023 saw a 5.13% decline from the previous year. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 is -4.26%.
In the coming years, this declining trend is expected to continue, with forecasts estimating a decrease in employment to 30 FTEs by 2028. The forecasted 5-year CAGR for the sector is -3.58%, indicating a persistent contraction, though at a slightly more moderate pace.
Future trends to watch for:
- Technological advancements potentially automating traditional human roles.
- Shifts in demand for carpets and rugs influenced by changes in consumer preferences and interior design trends.
- Impact of global and local economic conditions on the sector’s performance.
- Policies and incentives targeting the revitalization of manufacturing sectors and their effect on employment.
