Forecast: Number of Employees in Textiles, Wearing Apparel, Leather Products in Italy

Based on the provided data, the number of employees in the textiles, wearing apparel, and leather products sector in Italy has decreased from 430.6 thousand units in 2013 to 396.1 thousand units in 2023. The year-on-year variation shows a consistent decline, particularly in the last two years, with decreases of 1.71% in 2022 and 1.69% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is -1.63%.

Forecasting into the future, the employee count is expected to continue its downward trend, projecting to 360.4 thousand units by 2028. The forecasted CAGR over the next five years is -1.5%, indicating an overall decline of 7.26%.

Future trends to watch for include potential impacts of automation, shifts in consumer demand towards sustainable products, and the effects of economic policies and international trade agreements on the Italian textile sector.