The employment in the textiles and wearing apparel sector in Italy is forecasted to decline over the next five years. In 2024, the number of persons employed is expected to be 293,000, decreasing each year to reach 260,200 by 2028. This represents a consistent year-on-year decrease. Compared to 2023, the employment levels showed a similar downward trend, signifying a challenging environment for the industry. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) indicates a steady decline in employment.
Future trends to watch for include:
- Adoption of automation and technology, potentially reducing workforce needs.
- Shifts in consumer preferences towards sustainable and locally sourced products affecting production demand.
- Potential impacts of international trade agreements and changes in competitive dynamics affecting the sector.