The employment in the underwear sector in Spain has shown a consistent decline over the last decade. Starting from 2.13 thousand employees in 2013, the number diminished to 0.972 thousand in 2023, indicating a significant downward trend. Year-over-year declines have been particularly sharp since 2018, reflecting ongoing challenges in the industry. The year-on-year variation from 2022 to 2023 was -12.9%, and over the last five years, the compound annual growth rate (CAGR) has been -10.44%, highlighting a persistent contraction in employment.
Future trends to watch for include:
- The effect of technological advancements and automation on job reductions.
- Shifts in consumer preferences and potential market recovery scenarios.
- Impact of sustainability and ethical production practices on employment.
