The employment in the event catering sector in Finland has experienced several fluctuations over the past decade. From 2013 to 2019, the sector saw year-on-year variations ranging between -7.21% and 9.11%, reflecting periods of both growth and decline. By 2020, employment dropped significantly by 10.22%, largely due to the impact of the COVID-19 pandemic. Post-2020, the sector began a recovery phase with modest annual increases culminating in a 2.11% rise in 2023, where the number of employees stood at 1.7 thousand.
Analyzing the compound annual growth rate (CAGR) reveals that from 2013 to 2018, the sector had numerous periods of negative growth, culminating in a gradual recovery phase up to 2023 with a +1.54% CAGR. Forecasts indicate a stabilization from 2024 to 2028, with no anticipated growth or shrinkage in employment numbers.
Future trends to watch for include:
- The potential impact of economic recovery and consumer confidence post-pandemic. - Technological advancements and their effect on efficiency and employment in the sector. - Changes in social behavior and event hosting preferences that could influence demand for catering services. - Regulatory changes and labor market policies that might affect the sector's employment structure.
