In 2023, the number of employees in the footwear sector in Austria stood at 1.44 thousand. Analyzing the past decade reveals a fluctuating trend with modest growth and contraction. Starting at 1.32 thousand in 2013, the sector experienced the highest growth rate of 5.75% in 2018, followed by moderate and consistent increases. The year-on-year variation for the last two years indicates minimal growth of 0.21%. The five-year CAGR shows an average annual increase of 0.3%.
Forecasted data from 2024 to 2028 suggest stability in the sector, maintaining a workforce of 1.44 thousand. The forecasted five-year CAGR is projected to be 0.08%, indicating a virtually flat growth trajectory. Future trends to watch for include technological advancements in production, sustainability initiatives, and potential economic fluctuations that could impact employment levels.