The projected decline in the number of employees in the wearing apparel sector in Brazil reveals a consistent downward trend from 2024 through 2028. In 2023, the sector's workforce stood at a significant level, which has been steadily dropping each year, as indicated by a reduction from 448.4 thousand employees in 2024 to 411.29 thousand by 2028.
The year-on-year percentage change highlights a consistent annual decline of around 2% to 2.1% over the forecasted years. The compounded annual growth rate (CAGR) suggests a negative trajectory, emphasizing an average annual decrease in employee numbers over the five-year span.
Future trends to watch for include the potential impact of automation, the shift towards sustainable fashion, and the volatility of global trade policies which could further influence employment in this sector.
