Employment in the Refined Petroleum Products and Coke Sector in Finland has shown subtle yet steady growth from 2013-2023, increasing from 4.1 million hours to 4.3 million hours in 2023. Between 2013 and 2023, fluctuations were observed with minor declines, notably in 2016 and 2021, but overall, the sector maintained an upward trend. Significant year-on-year variations include a 2.44% increase in 2014 and 2017, and a 4.65% increase in 2019, countered by declines such as -4.65% in 2016 and -4.55% in 2021. The most recent five-year CAGR stands at 0.46%.
From 2024 onwards, forecasts indicate stabilization, with employment hours consistently projected at 4.4 million hours through 2028, maintaining a 5-year CAGR of 0.46%. This suggests modest but steady growth continuing into the near future, albeit at a restrained pace.
Future trends to watch for:
- Technological advancements and automation in the sector could impact employment hours.
- Shifts in global energy policies towards sustainable energy sources may influence industry demand.
- Fluctuations in global oil prices could also significantly alter employment trends.
