In 2023, the hours worked in the leather clothing sector in the Netherlands stood at 45.13 thousand hours. Forecasted data indicates a gradual decline over the next five years: 41.46 thousand hours in 2024, 37.97 thousand hours in 2025, 34.51 thousand hours in 2026, 31.09 thousand hours in 2027, and 27.7 thousand hours in 2028. Year-on-year percentage decreases are significant, with the sector expecting a continued downward trend.
Year-on-year variations:
- 2024: -8.1%
- 2025: -8.4%
- 2026: -9.1%
- 2027: -9.9%
- 2028: -10.9%
The compound annual growth rate (CAGR) of the hours worked is -9.8% over the five-year period from 2024 to 2028. This consistent decline signifies a shrinking workforce in the leather clothing industry possibly due to automation, offshoring, or reduced demand.
Future trends to watch for include the impact of technological advancements, changes in consumer preferences towards sustainable fashion, and potential policy changes affecting the industry. Monitoring these factors will be crucial for stakeholders to adapt and respond to the evolving market conditions.
