The carpets and rugs sector in Denmark experienced fluctuations in employment from 2013 to 2023. Employment numbers peaked in 2015 and then saw notable declines, particularly in 2016 and 2020. However, there were recoveries with positive year-on-year rates in 2014, 2018, and the years leading up to 2024. In 2023, the employment stood at 657 employees, showing a slight growth compared to the previous year.
The following are key trends over the last decade:
- Employment peaked in 2015 at 741 employees before experiencing a significant dip in 2016.
- A gradual recovery was seen from 2018 onwards, despite the sharp decline in 2020.
- The overall 5-year compound annual growth rate (CAGR) leading up to 2023 was negative, around -1.12%.
Forecast data from 2024 to 2028 indicates a marginal decline in employment with an average annual decrease of approximately 0.18%. The sector is expected to face slow year-on-year reductions, with the forecasted 5-year growth rate ending at -0.92% by 2028.
Future trends to watch for include the impact of automation and changing market demands on employment. Additionally, sustainability practices and potential shifts in consumer preferences towards eco-friendly products could influence the labor dynamics in this sector.
