In 2023, employment in the Coke and Refined Petroleum Products Manufacturing sector in Canada stood at approximately 8.00 thousand jobs. Forecasts suggest a gradual increase from 2024 to 2028, with employment rising annually from 8.04 to 8.22 thousand jobs. This steady rise represents a compound annual growth rate (CAGR) of roughly 0.55% over the five-year period. The consistent year-on-year growth of about 0.5% signals moderate but stable expansion.
Future trends to watch for include:
- The impact of environmental regulations and their influence on sector employment.
- Technological advancements that may enhance productivity or impact labor needs.
- Economic factors affecting oil prices, which could influence sector performance and job numbers.
- Global market shifts and trade dynamics affecting demand and production levels.