Employment in Spain's wearing apparel sector showed a general downward trend from 2013 to 2023, with a substantial decrease observed over the last several years. The year 2023 saw employment at 19.08 thousand FTE, marking a 14.78% decline from 2022. The compound annual growth rate (CAGR) over this period was -10.17%. Since 2013, employment has continuously declined, reflecting structural changes in the sector.
Looking ahead, the future appears challenging for this industry. Forecasts suggest a continued steep decline in employment, with a projected 2028 employment level of just 3.02 thousand FTE. This represents an annual forecasted CAGR of -28.17%, indicating further significant attrition. Trends to watch include advancements in automation, shifting consumer demands, rising production costs, and potential impacts of policy changes.
