Forecast: Employment in Textiles, Wearing Apparel, Leather Products in Italy

Employment in the textiles, wearing apparel, and leather products sector in Italy has been on a declining trend since 2019, with an average annual decrease in employment. By 2023, employment stood at 336.8 thousand units, marking a continual reduction observed over the last two years. The year-on-year variations have been consistently negative, reflecting a shrinking workforce. The compound annual growth rate (CAGR) over the past five years has been approximately -1.52%, projecting further declines up to 2028 with a forecast 5-year growth rate of -7.36%.

Key trends to watch for in the future include:

• Technological advancements and automation which may further reduce the need for human labor in the sector.
• Shifts in global supply chains and potential impacts of sustainable practices on employment.
• Market demand changes influenced by economic conditions, fashion trends, and consumer behavior shifts.
• Government policies and initiatives aimed at revitalizing the sector or incentivizing workforce retention.