The wages and salaries in Spain's clay bricks, tiles, and construction products industry saw a significant decline from 2013 to 2016, dropping from 66.5 million euros to 51.9 million euros. However, starting in 2017, the sector began to recover, highlighted by strong year-on-year increases in 2018 and 2019 at 14.23% and 14.22%, respectively. By 2023, the value stood at 74.5 million euros, reflecting sustained growth albeit at a slower pace with annual growth rates just under 1% since 2020. The compound annual growth rate (CAGR) over the last five years leading up to 2023 was 3.54%.
Future trends to watch for:
- A forecasted steady, albeit slow, growth over the next five years, with a CAGR of 0.24% and an overall growth rate of 1.2% by 2028.
- Potential impacts of economic conditions and construction-related policies on wage structures in the industry.
- Advancements in manufacturing technologies and their effect on labor demand and wages.