The wages and salaries in the Sawmilling and Planing of Wood sector in France have shown an overall increasing trend from 2013 to 2023. The sector witnessed minor fluctuations with a significant dip in 2020, but recovered strongly in the following years. In 2023, the sector stood at 832.7 million euros.
When analyzing the year-on-year variation, the sector experienced notable increases in 2018, 2019, 2021, and 2022, with double-digit growth rates except for 2020. The average annual growth rate (CAGR) over the last five years (2018-2023) was 7.26%.
Looking ahead, the forecasted data predicts continuous growth in wages and salaries. By 2028, the sector is expected to reach 1130 million euros, exhibiting an average annual growth rate (CAGR) of 4.88% over the next five years, with an overall growth rate of 26.87% over the forecasted period.
Future trends to watch for include potential impacts from technological advancements, shifts in global trade policies, and changing environmental regulations, which could all significantly influence wages and operational costs in the sector.
