In 2023, the leading European country by iron casting wages and salaries is Germany at 1.72 billion Euros. Meanwhile, Poland, and Belgium marked notable positive changes with 1.45% and 3.41% respectively. On the contrary, Finland experienced a steep decline of 5.59%. Over the past five years, Eastern European nations like Poland, Hungary, and Slovakia showed robust growth, suggesting increased competitiveness.
Future trends to watch include potential growth in Eastern Europe due to investment influx and cost advantages, alongside possible stabilization or reduction in wages in established markets like the UK and Germany due to automation and technological advancements in the industry.
Top countries in Iron Casting Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,720 | 2023 | +7.21% | +1.04% | View data |
| 2 | 2 Italy | 204.5 | 2023 | +3.44% | -1.04% | View data |
| 3 | 3 Poland | 137.8 | 2023 | +8.59% | +1.45% | View data |
| 4 | 4 Spain | 137 | 2023 | -3.39% | -3.88% | View data |
| 5 | 5 France | 135.9 | 2023 | -3.69% | +0.66% | View data |
| 6 | 6 United Kingdom | 104.2 | 2023 | -2.53% | -2.67% | View data |
| 7 | 7 Czech Republic | 78.7 | 2023 | +1.16% | +0.58% | View data |
| 8 | 8 Austria | 67.4 | 2023 | +0.45% | -0.29% | View data |
| 9 | 9 Belgium | 66 | 2023 | +3.13% | +3.41% | View data |
| 10 | 10 Denmark | 62.4 | 2023 | +2.8% | +1.44% | View data |
