Forecasts for the employment in the Textiles Finishing Sector in Italy show a significant decline over the past decade. From 2013 to 2023, employment has decreased from approximately 19.44 thousand FTE to 9.41 thousand FTE, indicating a nearly 52% reduction. The sector experienced various fluctuations, with notable decreases in 2016 (-22.34%) and 2020 (-13.08%). Overall, the average annual decline (CAGR) over the past five years is -7.7%. Looking forward, employment is forecasted to drop sharply, with a predicted average annual decline (CAGR) of -13.04% and an overall decrease of 50.27% by 2028.
Future trends to watch for include:
- Increased automation and technological advancements impacting labor demand.
- Potential shifts in market demand and global competition affecting the sector.
- Government policies and sustainability initiatives influencing industry practices.
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