Forecast: Employment in Bakery Products Sector in Finland

The employment in the Bakery Products Sector in Finland has seen a steady decline from 2015 to 2023. In 2015, the sector employed 7.53 thousand full-time equivalents, decreasing to 6.49 thousand by 2023. The year-on-year variation for 2023 was -0.92%, continuing the downward trend observed over the previous years. The CAGR (Compound Annual Growth Rate) over the last five years stood at -1.37%, indicating a consistent decline.

Significant yearly variations include a sharp drop in 2018 by -5.55% and a slight positive change of 1.02% in 2019. The subsequent years reverted to negative growth, with 2021 showing a -1.76% year-on-year decrease.

Looking forward, the employment forecast from 2024 to 2028 predicts a continued decline but at a slower rate, with a forecasted 5-year CAGR of -0.38% and a forecasted 5-year growth rate of -1.88%. Future trends to watch for include potential impacts of automation, changing consumer preferences towards healthier options, and possible economic fluctuations affecting the bakery sector employment.