The Floor and Wall Covering sector in Finland saw fluctuations in hours worked from 2013 to 2023, with an overall upward trend. In 2023, values stood at 4.123 million hours worked. Year-on-year variations have shown minor declines and gains, with a particularly strong growth phase from 2017 to 2020.
Key Variations:
- 2018: 8.56% YoY increase
- 2019: 1% YoY decrease
- 2020: 3.27% YoY increase
From 2019 to 2023, changes were more modest with less than 2% year-on-year variation, showing a generally stable market with minor increments. The five-year CAGR up to 2023 is 0.73%, indicative of steady growth.
Looking ahead, forecast data suggests a continued growth trend, albeit modest. The five-year CAGR from 2023 to 2028 is projected at 0.87%, suggesting a stable but slow increase in hours worked. Future trends to watch for include advancements in covering materials technology and shifts in construction sector demand, which could impact hours worked significantly.
