The employment in the Leather Products sector in Italy has seen significant fluctuations from 2013 to 2023, with a notable decline in 2020 due to external shocks. From 2021, the sector witnessed a recovery with positive year-on-year variations, peaking at 106.26 thousand FTEs in 2023. Over the last two years, the sector showed resilience with positive trends, despite a minor decrease forecasted in the years ahead. The CAGR over the last five years ending in 2023 was modest at -0.14%, reflecting a relatively stable sector with occasional volatility.
Looking forward, the forecast from 2024 to 2028 indicates slight declines each year, with the employment forecast showing a marginal decrease of -0.22% CAGR for this period. This suggests a relatively stable but not growing employment landscape, potentially affected by automation, shifts in global demand, and sustainability concerns.
Future trends to watch for include:
- Impact of automation and technological advancements on employment.
- Shifts in global demand and competitive pressures.
- Sustainability initiatives and their influence on production methods and employment.
- Policy changes and economic conditions within and outside Italy.
