The European sports goods industry saw diverse changes in wages and salaries across different countries in 2023. Italy led with 189.4 million Euros, followed by France with 178.4 million Euros. Austria and the United Kingdom also had significant figures at 157.4 million and 139.6 million Euros respectively. Spain and Czech Republic reported lower values at 50.6 million and 38.6 million Euros. Noteworthy growth was observed in Hungary (9.5% YoY) and rising trends in Croatia (12.03% YoY) and Latvia (13.05% YoY). Contrastingly, Norway and Poland had minimal increments. Over the past five years, significant increase points to countries like Latvia and Lithuania.
Looking forward, the European sports goods sector is anticipated to keep diversifying, with emerging markets like Latvia and Hungary driving the growth. Countries with existing high wage scales like Italy and France are likely to see steady but moderate increments, while Eastern European markets will experience more robust growth as their sports goods industries expand.
Top countries in Sports Goods Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 189.4 | 2023 | +1.83% | +3.24% | View data |
| 2 | 2 France | 178.4 | 2023 | +10.4% | +6.27% | View data |
| 3 | 3 Austria | 157.4 | 2023 | +1.16% | +0.75% | View data |
| 4 | 4 United Kingdom | 139.6 | 2023 | +1.16% | +1.5% | View data |
| 5 | 5 Spain | 50.6 | 2023 | +3.05% | +5.13% | View data |
| 6 | 6 Czech Republic | 38.6 | 2023 | -1.28% | +0.63% | View data |
| 7 | 7 Finland | 36.3 | 2023 | +0.83% | +2.17% | View data |
| 8 | 8 Hungary | 28.5 | 2023 | +9.2% | +9.5% | View data |
| 9 | 9 Romania | 26 | 2023 | +5.26% | +4.17% | View data |
| 10 | 10 Bulgaria | 24 | 2023 | +10.09% | +3.92% | View data |
