In 2023, the employment in the underwear sector in France stood at 8,410 employees. Analyzing the historical trend shows considerable fluctuations over the years. From 2013 to 2018, the employment saw a sharp rise, peaking in 2018 with a 30.84% year-on-year jump. However, a significant drop occurred in 2019, followed by further declines interspersed with slight recoveries.
Year-on-year variations over the last two years exhibit minor decreases (-0.13% each in 2022 and 2023). The average annual change (CAGR) over the past five years (2019-2023) has been characterized by a modest decline of -6.21%.
Future trends to watch for:
- The next five-year forecast (2024-2028) indicates a gradual decline in employment, with an average year-on-year reduction of -0.1%.
- Focus on technological advancements and automation within manufacturing processes.
- Monitor the impact of fast fashion and e-commerce on traditional underwear segments.
- Environmental and sustainability practices may influence employment dynamics as companies adapt to greener methods.