Forecast: Hours Worked by Employees in Packaging Paper Sector in Finland

The data on hours worked in the packaging paper sector in Finland indicates a consistent decline from 2013 to 2023. In 2023, the total number of hours worked was 2.014 million hours, representing a -3.15% year-on-year decrease from 2022. Over the last two years, the hours worked declined at an average annual rate of -3.12%. The compound annual growth rate (CAGR) over the last five years stands at -2.74%. Noteworthy is the continuous yearly reduction since 2013, with sporadic minor increases like in 2014 and 2016 but largely trending downward. Moving forward, the forecast for 2024 and beyond predicts a sustained decline, with a 2028 forecast indicating a total of 1.6962 million hours worked, reflecting a forecasted CAGR of -2.74% over the next five years. Key future trends to observe include the potential impact of automation, changes in paper demand due to digitalization, and workforce transitions due to shifting industry standards.