In 2023, wages and salaries in the poultry meat processing sector in Austria stood at 64.3 million euros. Over the past two years, the sector experienced moderate growth. Specifically, the year-on-year variation was 4.21% in 2022 and 3.88% in 2023. The compound annual growth rate (CAGR) over the past five years (2018 to 2023) was 4.34%, indicating consistent, albeit modest, rises in wages and salaries.
Looking forward, the sector is expected to sustain growth. Forecasts suggest an average annual increase of 2.73% through 2028, culminating in a total growth rate of 14.39% over the next five years. By 2028, wages and salaries are projected to reach approximately 76.3 million euros.
Future trends to watch for include:
- Inflation adjustments impacting wage growth.
- Supply chain disruptions influencing labor demand and wage levels.
- Technological advancements in processing operations altering labor requirements.
- Changes in consumer demand affecting the poultry meat market and driving wage changes.
