Forecast: Number of Persons Employed in Refined Petroleum Products Sector in Switzerland

Based on the provided data, the number of persons employed in the refined petroleum products sector in Switzerland shows a consistent decline from 2024 to 2028. In 2024, employment is forecasted at 475 employees, decreasing to 370 by 2028. This represents a year-on-year decline of approximately 5-6% across the given years.

Examining the period from 2023 to 2024, the sector is experiencing a reduction trend, highlighted by a drop in employment figures. The Compound Annual Growth Rate (CAGR) over this five-year period reflects a steady decrease, averaging around -5.9% per year.

Future trends to watch for:

  • Technological advancements and automation may lead to further reductions in employment.
  • Global shifts towards renewable energy sources could accelerate the decline in this sector.
  • Policy changes or economic fluctuations may impact employment levels.

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