The data on hours worked in the doors and metal windows sector in Finland displays significant fluctuations between 2013 and 2023. Notably, the value in 2023 stood at 1.6539 million hours. The initial years showed a decline followed by a period of growth until 2019, but the trend reversed with a gradual reduction from 2020 onwards. The last two years before 2024 reveal negative year-on-year variations of -2.29% in 2022 and -2.32% in 2023. Over the last five years, the CAGR was -1.27%.
Forecast data from 2024 onwards predict a consistent decline, reaching 1.4636 million hours by 2028, with a forecasted 5-year CAGR of -1.95%, indicating a persistent downward trend.
Future trends to watch for include:
- Technological advancements impacting workforce efficiency.
- Economic factors influencing demand for doors and metal windows.
- Potential labor market fluctuations and automation integration.
