In Finland, wages and salaries in the stone, sand, and clay quarrying sector showed a significant decline between 2013 and 2015, with year-on-year decreases of 4.72%, 8.76%, and 11.27%. From 2016 onward, the trend saw some improvements and fluctuations, with 2017 experiencing a notable 10.07% increase. However, the values entered a relatively stable yet slightly decreasing phase from 2018 to 2023, showing minor year-on-year variations ranging from -1.82% to -0.63%. As of 2023, the value stood at 47.4 million Euros. Over the past five years, the compound annual growth rate (CAGR) was -0.78%.
Forecasts from 2024 to 2028 indicate a continued slight decrease in wages and salaries, with a projected average annual decline (CAGR) of -0.65%. By 2028, the total value is expected to reduce to 45.5 million Euros, indicating an overall decline of 3.19% over the forecast period.
Future trends to watch for:
- Impact of technological advancements and automation in quarrying activities.
- Potential labor force constraints or shifts due to regulations and environmental policies.
- Future market demand for quarried materials based on construction and infrastructure projects.
