The employment in the clothing sector in Austria has shown a consistent decline from 2013 to 2023. In 2013, the employment stood at 5.49 thousand units, and it decreased to 1.7 thousand units by 2023. The year-on-year variation shows significant decreases, especially in recent years, with a 15.97% decline from 2022 to 2023. Over the past 5 years, the compound annual growth rate (CAGR) is -13.15%, illustrating a sharp average annual decline. Forecast data from 2024 onwards indicate a continued steep drop, with the employment expected to plummet to a mere 0.014 thousand units by 2028, resulting in a 5-year forecast growth rate of -98.96% and a forecast 5-year CAGR of -59.87%.

Future Trends to Watch for:

Automation and technological advancements in the clothing industry could further reduce employment needs.
Rising environmental and sustainability concerns could shift the employment focus towards eco-friendly practices and recycling within the sector.
The potential for reshoring of manufacturing and increased local production might alter job market dynamics.