The employment in the Rubber Products Manufacturing sector in Sweden has shown fluctuating trends over the past decade. Starting from 4.52 thousand FTE in 2013, it experienced a general decline until 2016 where it reached its lowest at 4.15 thousand FTE. There have been periods of growth and decline, such as the notable increase in 2018 (+9.57%) followed by a slight decrease in subsequent years.
In 2023, the employment stood at 4.52 thousand FTE. The year-on-year variation over the last two years revealed minimal growth, with a 0.86% increase in 2022 and a 0.85% increase in 2023. The CAGR over the past five years averages to -0.42%, indicating slight contraction in employment numbers over this period.
Looking ahead, the forecasted data suggests a moderate increase in employment, with a 0.63% forecasted CAGR over the next five years, reaching 4.70 thousand FTE by 2028. This implies a projected growth rate of around 3.21% over this period.
Future Trends to Watch For:
• Technological advancements and automation within the sector may impact employment numbers.
• Global demand for rubber products, influenced by economic conditions and trade policies.
• Environmental regulations and sustainable practices may create new roles or transform existing ones.
• Potential shifts in the automotive and construction industries, major consumers of rubber products, could significantly affect employment trends.
