Forecast: Employment in Rubber Products Manufacturing Sector in Italy

The employment in the rubber products manufacturing sector in Italy experienced varied trends over the years. From 2013 to 2019, there was a general upward trend, peaking in 2019 with notable year-on-year increases, particularly from 2016 to 2019. However, the sector saw a significant decline in 2020, likely due to external shocks. While there were marginal recoveries from 2021 onwards, the overall trend from 2022 to 2023 showed minor annual declines. In 2023, the employment stood at 33.14 thousand FTEs.

Future projections from 2024 to 2028 indicate a slight continuous decline in employment with a negative CAGR of -0.26%. The sector's growth rate and employment stability over the next five years appear modestly pessimistic.

Future trends to watch for include:

  • Technological advancements in manufacturing impacting labor demand.
  • Shifts in global supply chains and their effects on local production dynamics.
  • Environmental regulations possibly influencing production processes and employment needs.

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