The employment in the carpets and rugs sector in Italy has seen a consistent decline from 2013 to 2023. The sharpest declines were observed in 2016, 2020, and 2021. Despite minor increases in specific years (2015 and 2017), the overall trend is negative. By 2023, the sector stood at a value of 422 Units (Full-Time Equivalent). The average annual decrease over the past five years (2019-2023) is significant at a CAGR of -11.17%.
Looking ahead, the forecast suggests an even steeper decline with an anticipated CAGR of -17.99% over the next five years. By 2028, employment is projected to fall to just 135 Units (Full-Time Equivalent), representing a total reduction of 62.91% from 2023 levels.
Future trends to watch for include:
- Potential impacts of automation and technological advancements that might further reduce the need for human labor.
- Shifts in consumer preferences towards sustainable and alternative flooring options.
- Market pressures from global competitors and economic policies affecting local manufacturing.