In 2023, the number of persons employed in Italy's knitted and crocheted apparel sector stood at 24.2 thousand. From the forecasted data for 2024 to 2028, there is a declining trend in employment with a year-on-year decrease of around 5.3% in 2025, 5.5% in 2026, 5.8% in 2027, and a 6% drop noted for 2028. The compound annual growth rate (CAGR) over this period shows an average decline of approximately 5.6% per year.
Future trends to monitor in this sector include:
- Adoption of automation and advanced production technologies that might further influence employment figures.
- Potential shifts in consumer preferences towards sustainable and locally sourced products which could impact demand.
- Trade and economic policies affecting the textile industry within the EU and internationally.