The employment in the Textiles, Wearing Apparel, Leather Products sector in Denmark experienced a fluctuating trend from 2013 to 2023. Initially, there were slight increases in some years, but overall, the sector saw a gradual decline. As of 2023, the employment stood at 7.2 million hours. The annual declines were consistent from 2019 onwards, with a notable year-on-year percentage decrease of 2.43% in 2023. Over the last five years, the sector observed a CAGR of -2.79%.
Looking forward, the forecasted data from 2024 to 2028 shows a continued decline, with a forecasted CAGR of -2.2% and a forecasted five-year growth rate decline of -10.53%. By 2028, the employment is expected to reduce to 6.26 million hours.
Future trends to watch for include:
• Technological advancements in textile manufacturing
• Increased automation leading to reduced labor hours
• Shifts towards sustainable and ethical production practices
• Potential post-pandemic economic adjustments and recovery patterns
