The employment in the Carpets and Rugs sector in Austria has shown a series of fluctuations over the past decade. The sector experienced a growth in the early 2010s, peaking at 352 units (full-time equivalents) in 2018. However, this was followed by a notable decline to 277 units in 2020, likely due to macroeconomic factors. The sector has been on a recovery path since, with a 4.62% year-on-year growth noted in 2023, positioning employment at 340 units.
The last five years (2019-2023) indicate a -0.69% CAGR. Forecasts from 2024 to 2028 predict a more stable growth trajectory, with a forecasted 5-year CAGR of 0.46% and an overall growth rate of 2.34% by 2028, achieving an employment level of 350 units.
Future trends to watch in this sector include:
- Technological advancements in carpet and rug manufacturing
- Shifts in consumer preferences towards sustainable and eco-friendly products
- Global economic conditions and their impact on export opportunities
- Government policies and subsidies related to the textile industry
