The labour costs in the ship and boat building industry in Sweden for the forecasted years 2024 to 2028 show a gradual decline from 999 million SEK in 2024 to 995 million SEK in 2028. When considering the base year of 2023, it is pertinent to note the slight annual decreases of 0.1% year-on-year. This reflects a consistent yet minor reduction in labour costs over the forecast period. The average variation per year, considering the compound annual growth rate (CAGR) over the last five years, is also indicative of a slow decline.
Future trends to watch for in this sector may include advances in automation and technology, which could further reduce labour costs. Additionally, changes in regulations, wage policies, and economic conditions in Sweden could have a significant effect on future labour cost trends in the ship and boat building industry.
