The employment in the footwear sector in Austria stood at 1.22 thousand Full-Time Equivalent (FTE) positions in 2023. Over the last two years, the employment figures showed very minimal fluctuations, with a year-on-year percentage variation of 0.16% in 2022 and 0.082% in 2023. Looking at the five-year period leading up to 2023, the Compound Annual Growth Rate (CAGR) was essentially stagnant at 0.033%.
For the period from 2024 to 2028, employment is forecasted to remain steady at 1.22 thousand FTE, with a projected five-year CAGR of 0.05% and an overall growth rate of 0.25% over this period.
Despite stability in employment levels, there are future trends to watch for:
- Technological advancements and automation could influence job dynamics in the sector.
- Changes in consumer preferences towards sustainable and custom footwear might impact employment needs.
- Shifts in global trade policies and supply chain dynamics could alter the employment landscape in the sector.