The data reflects a declining trend in the total number of hours worked in the Textiles, Wearing Apparel, Leather Products Manufacturing Sector in Poland from 2013 to 2023. The year-on-year variation indicates a consistent decrease, with some minor fluctuations, such as a slight positive growth in 2016 and 2017. Specifically, in 2023, the employment stood at 297.56 million hours, demonstrating a nearly 5% year-on-year decrease since 2022. Moreover, the Compound Annual Growth Rate (CAGR) over the last five years highlights an average annual decline of approximately 5.28%.
Looking forward, the forecast for 2024 to 2028 suggests a continuation of this downturn, with the sector expected to experience an average annual reduction of 4.1% in the number of hours worked. Predicted employment will decrease to approximately 229.51 million hours by 2028, representing an overall reduction of around 18.87% over the next five years.
Future trends to watch for:
- Impact of automation and technological advancements on employment levels
- Potential shifts in global trade policies affecting the textile and apparel industry
- Economic and demographic changes influencing labor market dynamics
- Sustainability and eco-friendly production methods altering industry standards
