Based on the data from 2013 to 2023, the number of employees in the Textiles, Wearing Apparel, Leather Products Manufacturing Sector in Denmark has remained consistently at 5.0 thousand persons. The years from 2013 to 2023 have shown no year-on-year variation, indicating a stable employment level in this sector during this period. The Compound Annual Growth Rate (CAGR) over these years also reflects a stable trend, with no significant change observed.
Looking ahead, from 2024 onward, the data forecasts a decrease in employment level to 4.0 thousand persons by 2025, which remains constant till 2028. This represents a forecasted decline in employment by 20% over the next five years, with a corresponding forecasted CAGR of -4.36%.
Future trends to watch for include potential technological advancements and automation within the industry, which may further impact employment levels. Additionally, shifts in global trade dynamics and consumer preferences towards sustainable and ethical fashion could influence the sector's employment landscape in Denmark.
