Analyzing the Sawmilling and Planing of Wood Hours Worked in Sweden reveals fluctuations over the years. In 2023, the total hours worked stood at 17.689 million. From 2022 to 2023, the hours worked slightly increased by 0.43%. Over the past two years, the industry saw relatively stable figures, with a year-on-year variation of 2.16% in 2022 and 0.43% in 2023. The five-year compound annual growth rate (CAGR) from 2018 to 2023 shows a slight decline at -2.98% annually.
Forecasting into 2028, the industry is expected to experience a downward trend with a forecasted five-year CAGR of -2.14%, resulting in a total decline of 10.23% in the hours worked by 2028. Future variations point toward a consistent decrease, reflecting a likely downturn in industry activity.
Future trends to watch for include:
- Technological advancements and automation potentially reducing hours worked.
- Environmental regulations impacting the industry's operational capacity.
- Market demand fluctuations influencing production needs.
