The employment in the Wood Panel Products and Veneer Sheets sector in Italy stood at 7.80K Full-Time Equivalent (FTE) in 2023. The sector experienced fluctuating year-on-year variations, with significant declines in the early years but a notable recovery starting from 2018. Specifically, the employment dipped from 6.41K FTE in 2013 to 5.18K in 2014 but saw a robust increase from 2017 onwards, reaching 7.80K FTE in 2023. The compound annual growth rate (CAGR) over the last five years was 5.67%.
Year-on-year variations for the last two years were as follows:
- 2022: 3.51%
- 2023: 3.35%
From 2024 onwards, the forecast indicates a continued growth trajectory, with a forecasted 5-year CAGR of 2.33% and an overall 5-year growth rate of 12.2%. By 2028, employment is expected to reach 9.03K FTE.
Future trends to watch for include technological advancements in production processes, environmental regulations impacting the sector, and potential shifts in export and domestic demand. Observing these factors will be crucial for understanding future employment trends in the sector.
