The cutlery industry in Sweden showed varied patterns of hours worked between 2013 and 2023. After a slight increase in 2014 and 2016, 2017 saw a substantial rise (4.25%) in hours worked, which peaked significantly in 2019 with a 29.1% increase. However, the trend was interrupted by a sharp decline in 2018 (-16.84%) and moderate declines in 2020 and 2021. By 2023, the hours worked had risen by 1.22% to stand at 296.91 thousand hours. Over the last five years leading to 2023, the compound annual growth rate (CAGR) stood at an impressive 4.67%. The forecast indicates a 0.9% CAGR from 2024 to 2028, pointing towards steady growth.
Future trends to watch for include technological advancements in manufacturing processes, shifts in consumer preferences, and potential impacts of economic conditions on labor hours. These factors could influence the actual hours worked beyond 2028 predictions.
