Since 2013, wages and salaries in the glass and glass products sector in Poland have shown significant growth. From a value of 320.0 million Euros in 2013, the sector has reached 699.8 million Euros in 2023. Despite some fluctuations, particularly a dip in 2020, the overall trend has been upwards. Year-on-year growth has averaged over 7% for most of the past decade, demonstrating robust increases. Notably, from 2021 to 2023, the growth rates were 11.33%, 6.43%, and 6.01% respectively. The sector currently stands at 699.8 million Euros in 2023.
Forecasts from 2024 suggest continued growth, albeit at a slightly slower pace, with the five-year CAGR projected at 3.91%. The expected compound growth over the next five years is about 21.13%, culminating in a projected value of 895.5 million Euros by 2028.
Future trends to watch for include potential impacts of inflation on wage growth, the introduction of automation and technology in the sector, and shifts in global demand for glass products that may affect production and wages in Poland.
