Employment in the Refined Petroleum Products and Coke Sector in Denmark has shown a consistent decline over the past decade. From 2013 to 2023, the sector saw a contraction with year-on-year variations indicating frequent reductions, notably a -4.74% decline between 2022 and 2023. The compound annual growth rate (CAGR) over the last 5 years also revealed a downward trend, averaging -3.26% annually.
The forecasted data from 2024 to 2028 suggests a continued decrease in employment, with a projected 5-year CAGR of -4.83%. This is expected to result in a -21.91% decline overall by 2028.
Future trends to watch for:
- Shift towards renewable energy sources: This transition could further impact employment in the sector.
- Technological advancements: Automation and efficiency improvements might reduce labor needs.
- Regulatory changes: Stricter environmental regulations may have workforce implications.
