The forecast for the Italian Coke and Refined Petroleum Products Manufacturing sector from 2024 to 2028 indicates a consistent decline, with total hours worked decreasing from 24.39 million to 22.06 million. In 2023, the sector recorded 25 million hours, highlighting a downward trend.
Year-on-year, each subsequent year's hours are reduced, showing a negative growth rate as follows:
- 2024: -2.44%
- 2025: -2.42%
- 2026: -2.44%
- 2027: -2.49%
- 2028: -2.56%
The compound annual growth rate (CAGR) over this period is approximately -2.47%.
Future trends to watch for include technological advancements enhancing production efficiency, shifts in energy policies, and global market dynamics affecting the demand for refined petroleum products. These factors could potentially alter labor needs in the sector.
