The analysis of Sawmilling and Planing of Wood wages and salaries in Finland from 2013 to 2023 showed a mixed trend. From 2013 to 2016, there was slight variation with minor increases and decreases. However, a significant decrease occurred in 2017 by 32.72%, followed by a slow recovery in subsequent years. In 2023, it stood at 218.1 Million Euros, showing a minor decline of 1.13% from the previous year. The CAGR over the last five years was 1.71%.
Forecasted data from 2024 to 2028 suggests a continuous decline, with the 5-year CAGR estimated at -0.94% and an overall reduction of 4.59% by 2028. Future trends to watch for include:
- Impact of automation and technological advancements on wages.
- Fluctuations in global demand for wood products.
- Environmental policies affecting the forestry sector.
- Economic conditions influencing labor costs and wages.
