In 2024, Germany leads European Beverage, Tobacco, and Food Machinery wages and salaries, with €1.76 billion, followed by Italy at €1.14 billion. Notable increases from 2022 include Denmark (3.0%), Iceland (4.38%), and Lithuania's dramatic rise (58.85%). Conversely, the UK (-2.4%), Belgium (-3.1%), and Sweden (-6.67%) experienced declines. The CAGR over five years reveals a mixed landscape, with some countries showing strong growth and others stagnation.
Future trends to watch:
- Technological advancements driving automation, possibly affecting labor costs.
- Regulatory changes in the EU impacting tobacco machinery wages.
- Economic fluctuations affecting regional spending power and investment.
Top countries in Beverage, Tobacco and Food Machinery Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,760 | 2023 | +2.89% | +2.65% | View data |
| 2 | 2 Italy | 1,140 | 2023 | +0.87% | +1.1% | View data |
| 3 | 3 Denmark | 423.2 | 2023 | +3.02% | +3% | View data |
| 4 | 4 France | 349.3 | 2023 | +0.4% | +1.39% | View data |
| 5 | 5 Spain | 329 | 2023 | +0.77% | +0.62% | View data |
| 6 | 6 United Kingdom | 185.9 | 2023 | -1.74% | -2.4% | View data |
| 7 | 7 Poland | 126.9 | 2023 | +3.34% | +1.81% | View data |
| 8 | 8 Iceland | 109.7 | 2023 | +6.4% | +4.38% | View data |
| 9 | 9 Austria | 92.4 | 2023 | +1.2% | +0.11% | View data |
| 10 | 10 Norway | 64.5 | 2023 | +3.04% | +3.13% | View data |
