From 2013 to 2023, the number of persons employed in the cutlery sector in Austria has demonstrated a positive upward trend, growing from 49 to 97 employees, reflecting an overall steady increase. Specifically, the years 2022 and 2023 marked substantial growth with year-on-year variations of 7.14% and 7.78% respectively. The average annual growth, as measured by the compound annual growth rate (CAGR) over the last five years, stands at 8.01% in 2023.
The period from 2024 to 2028 projects continued growth, with forecasted employment reaching 127 by 2028. The forecasted 5-year CAGR is predicted to be 4.28%, indicating a moderated but still positive ascent.
Future trends to watch for include:
- Technological advancements in cutlery manufacturing processes
- Potential shifts in consumer preferences towards sustainable or artisanal products
- Regulatory changes impacting employment practices and production standards
- Global economic factors influencing export demands and domestic production requirements
