Forecast: Employment in Textiles Weaving Sector in Austria

In 2023, the employment in the textiles weaving sector in Austria stood at 1.76 thousand full-time equivalents (FTE). For the upcoming years, the following projections are provided: 1.73 thousand FTE in 2024, 1.7 thousand FTE in 2025, 1.67 thousand FTE in 2026, 1.64 thousand FTE in 2027, and 1.61 thousand FTE in 2028. This reflects a steady annual decrease in employment figures.

Year-on-year percentage variations are as follows:

• 2024: -1.7%
• 2025: -1.7%
• 2026: -1.8%
• 2027: -1.8%
• 2028: -1.8%

Over the five-year period, the Compound Annual Growth Rate (CAGR) indicates an average annual decrease of approximately -1.7%.

Future trends to watch for include potential technological advancements in the textiles sector, which could influence employment needs. Additionally, shifts in global market demands and sustainability practices could significantly impact the sector, potentially leading to further employment reductions or restructurings.