The employment in the carpets and rugs sector in Italy has experienced a general downward trend from 2013 to 2023. Starting at 1.21 thousand employees in 2013, the sector saw a consistent decline reaching 0.949 thousand in 2023. Highlights include significant drops such as in 2016 (-14.15%) and 2020 (-14.16%). This industry's workforce faced minor fluctuations between 2017 and 2019, although the improvement did not signify a strong recovery. The five-year CAGR leading up to 2023 was -1.16%, indicating a slow and persistent decline.
Looking into the future, the trend is predicted to continue with the employment numbers expected to decrease to 0.886 thousand by 2028. The forecasted CAGR over the next five years stands at -1.01% underscoring a continued, albeit gradual, reduction in workforce. Key percentages point towards a stabilization in the decline rate compared to prior years, suggesting a possible plateau.
Future trends to watch for:
- Technological advancements in manufacturing.
- Shifts to more sustainable materials and methods.
- Economic policies affecting the manufacturing sector.
- Global market demands for carpets and rugs.
