The sawmilling and planing of wood sector in Italy has seen a consistent decline in wages and salaries over the past decade. In 2023, it stood at 138 million Euros, marking a year-on-year decrease of 3.29%. From 2019 to 2023, the CAGR was a negative 5.36%, reflecting an overall steady downward trend. Forecasts indicate a continued decline, with a projected fall to 96.4 million Euros by 2028, showing a forecasted 5-year CAGR of -5.65% and an overall forecasted growth rate of -25.21% over this period.

Future trends to watch for:

Potential further decline due to economic factors and changes in the industry structure.
Impact of technological advancements reducing the need for traditional labor.
Environmental regulations and sustainability practices influencing operational costs.
Market demand shifts and international competition affecting profitability.