The employment in the manufacture of musical instruments sector in Finland experienced a noticeable decline from 2013 to 2023, with the number of Full-Time Equivalent (FTE) units falling from 54 to 32. Year-on-year changes illustrate this downward trend, with varying degrees of decline interspersed with slight increases in some years. Notable drops include a 25% decline in 2019 and a 5.88% decrease in 2023. The last five years saw a compound annual growth rate (CAGR) of -7.79%. Projections for 2024 to 2028 indicate a continued decrease, with a forecasted CAGR of -4.99%, culminating in a 22.58% drop over this period.
Future trends to watch for include potential impacts from technological advancements, market demand shifts, and global supply chain dynamics affecting employment in this sector.
