Employment in the seafood sector in Sweden has shown a consistent downward trend over the years as measured in value or volume. In 2023, the sector stood at 1.04 million hours, reflecting a 12.61% decline from 2022. Historically, the sector saw a 6.2% decrease in 2015 and more significant drops in 2018 and 2019 at 20.6% and 28.65% respectively. Even with a temporary increase of 12.12% in 2020, the overall employment trend has been negative. The five-year CAGR leading up to 2023 was -10.88%, indicating a steady decline in employment hours.
Future trends to watch:
- Continued focus on automation and technological advancements which might further reduce the need for manual labor.
- Potential policy changes aimed at boosting employment or introducing new sustainable fishing practices.
- Market demand fluctuations due to changes in consumer preferences and international trade regulations.