In 2023, Germany led European plastics wages and salaries with significant figures, although experiencing a decline. The Netherlands, France, and Belgium showed moderate growth, while Sweden and Poland experienced higher growth rates. Italy displayed slight growth, contrasting with Spain and the UK, which both had declining trends. Finland had a stable wage market with slight negativity, and other Eastern European countries like Serbia and Lithuania showed promising growth. Austria, Hungary, and other smaller economies maintained low but steady increases.
- Germany saw a decline of 3.63%, yet remains the leader.
- Poland, Lithuania, and Bulgaria witnessed notable year-on-year growth.
- Sweden's increase of 3.7% stands out in the Nordic region.
- Southern and Eastern European countries like Portugal, Serbia, and Bosnia and Herzegovina are experiencing steady increases.
- Market stabilization or slight decline observed in the UK, Norway, and Greece.
Future trends indicate that Western Europe's wage growth might stabilize, with Eastern Europe seeing continued growth due to industrial investments and economic integration. Germany may need to address declining trends, while the Nordic region might experience fluctuations due to economic challenges.
Top countries in Plastics Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,280 | 2023 | -3.76% | -3.63% | View data |
| 2 | 2 Netherlands | 844.1 | 2023 | +2.22% | +1.77% | View data |
| 3 | 3 France | 613 | 2023 | +0.97% | +0.96% | View data |
| 4 | 4 Belgium | 608 | 2023 | +0.36% | +1.04% | View data |
| 5 | 5 Italy | 567.5 | 2023 | +1.23% | +1.17% | View data |
| 6 | 6 Spain | 474 | 2023 | -0.063% | -0.53% | View data |
| 7 | 7 United Kingdom | 405.4 | 2023 | -1.05% | -1.62% | View data |
| 8 | 8 Sweden | 293.5 | 2023 | +7.43% | +3.7% | View data |
| 9 | 9 Poland | 241.5 | 2023 | +8.69% | +11.88% | View data |
| 10 | 10 Austria | 207.8 | 2023 | +2.72% | +1.26% | View data |
