Forecast: Employment in Textiles Finishing Sector in Austria

In 2023, employment in the textiles finishing sector in Austria stood at 273 full-time equivalents. The forecasted data for 2024 indicate a decline to 239, representing a 12.5% year-on-year decrease. This downward trend continues with each passing year: a 14.6% reduction in 2025, another 16.7% in 2026, a sharper 20% drop in 2027, and a significant 25% fall by 2028, bringing the total down to 102 full-time equivalents. Over the five-year period, the compound annual growth rate (CAGR) highlights an average annual decrease of approximately 17.6%.

Future trends to watch for in the textiles finishing sector include advancements in automation and smart technologies, which could further impact employment rates. Additionally, shifts in consumer preferences towards sustainable and eco-friendly products may drive industry evolution, potentially resulting in new types of employment opportunities or further consolidation within the sector.