Between 2013 and 2023, employment in Finland's Manufacture of Fluid Power Equipment sector has shown volatility with fluctuations in annual changes. After a steep decline from 2013 to 2016, the sector saw a notable recovery in 2017, followed by a period of relative stability. As of 2023, the employment value stood at 1.11 thousand FTE, representing a marginal increase of 0.09% year-over-year.
From 2019 to 2023, the compound annual growth rate (CAGR) was negative at -0.3%, reflecting slight downward trends. However, future forecasts from 2024 to 2028 indicate that employment levels will remain stable at 1.11 thousand FTE annually, anticipating no growth or decline.
Future trends to watch for:
- Technological advancements and automation potentially impacting employment needs.
- Global economic conditions, especially in key markets for fluid power equipment.
- Policy changes and investments in the manufacturing sector by the Finnish government.