The employment figures in the Italian wearing apparel sector, excluding fur, are projected to decline from 155.19 thousand employees in 2024 to 138.51 thousand by 2028. This indicates a consistent year-on-year decrease of approximately 2.9% in employment. The last two years have seen a sharper decline, reflecting the ongoing trend of digitalization and automation impacting labor demands. The five-year compounded annual growth rate (CAGR) stands at -2.8%, suggesting a steady reduction in workforce numbers over the projected period.
Future trends to watch for include:
- Increasing automation and digital transformation within the sector.
- Potential policy changes promoting sustainable fashion could influence employment.
- Shifts in global supply chains and consumer preferences might impact labor needs.