The employment in the Rubber Products Manufacturing sector in Norway is projected to experience a gradual decline over the forecasted period from 2024 to 2028. Starting at 423 full-time equivalents (FTEs) in 2024, it is expected to decrease to 399 FTEs by 2028. This downward trend represents a year-on-year decline of approximately 1.7% in 2025, 1.4% in 2026, 1.2% in 2027, and 1.5% in 2028. The Compound Annual Growth Rate (CAGR) over these five years is negative, indicating an average annual decline of 1.2%.
Future trends to watch for include the impact of technological advancements and automation, which may further reduce the need for human labor in this sector. Additionally, shifts towards more sustainable and eco-friendly materials could affect demand and employment. Monitoring these factors will be crucial for predicting longer-term employment trends in the rubber products manufacturing industry.
