The employment in the refined petroleum products sector in Austria has seen significant growth from 2013 to 2023. Starting at 1.12 thousand employees in 2013, the number rose to 3.34 thousand employees by 2023. The year-on-year variations show substantial jumps, particularly from 2017 onwards, with peak growth in 2018 at 58.04%. More recent years show moderate growth with an average variation of 10.72% per year over the last five years. The sector in 2023 had a robust upward trend with a 7.86% increase in employment compared to the previous year, indicating a solid phase of expansion.
Future trends to watch for include continued growth albeit at a slower rate. Forecasts predict the employment number to reach 4.26 thousand by 2028 with a 5-year CAGR of 3.69%. This indicates a stabilizing yet positive employment trend in the sector.
