The forecast for hours worked in the carpets and rugs sector in Italy shows a significant decline from 2024 to 2028. In 2023, the actual value stood at an unspecified level prior to the projected figures.
Year-on-year changes reveal a steep downward trend:
- From 2024 to 2025, a decrease of approximately 20.8%.
- From 2025 to 2026, a further reduction of about 26.0%.
- From 2026 to 2027, a decline of around 34.8%.
- From 2027 to 2028, the drop is about 52.7%.
The Compound Annual Growth Rate (CAGR) over the five-year period is a consistent decline, highlighting an average annual reduction of around 32.7%.
Future trends to watch for include potential industry adaptations to automation and technological advances to reduce labor intensity, shifts in consumer demand towards sustainable materials, and potential impacts from economic fluctuations or policy changes targeting employment in manufacturing sectors.
