The employment in the Wearing Apparel sector in Italy has experienced significant fluctuations over the past decade. After a sharp decline of 8.46% in 2013 and 9.18% in 2014, the sector saw stabilization around 2015-2016. A rebound was observed in 2017 with a 9% increase. Although there was a slight dip in 2018, the sector showed a modest recovery with a year-on-year growth of 0.77% in 2019. The employment fell drastically by 18.38% in 2020 due to the pandemic's impact but bounced back by 10.61% in 2021 and continued growing steadily, reaching 129.6 thousand FTEs in 2023. Forecasts from 2024 to 2028 indicate a slight decline with a CAGR of -0.45%, projecting a gradual decrease to 126.03 thousand FTEs by 2028.
Key future trends to monitor in the Wearing Apparel sector in Italy include:
- The impact of digital transformation and automation on employment.
- Changes in consumer behavior towards sustainable and locally produced apparel.
- The potential influence of trade policies and economic conditions in the Eurozone.
- Likely resurgence in demand post-pandemic and its effect on employment.