The European underwear industry's wages and salaries landscape in 2024 shows significant variability across countries. France leads with the highest remuneration at 290.5 million euros, followed by Italy and Germany. Eastern European countries such as Poland, Lithuania, and Serbia show increasing trends with Lithuania and Serbia the highest YoY increases at 8.51% and 8.9% respectively. Western EU nations like the United Kingdom and Austria, however, are experiencing sharp declines at -9.89% and -24.04% respectively. Southern European countries remain mixed, where Portugal shows slight growth, whereas Cyprus is forecast to see the most significant reduction at -19.73%.
Future trends to watch include potential wage increases in Eastern Europe if current trends continue, which may alter the competitive landscape. Additionally, economic policies and labor market conditions in Western Europe, particularly in the UK and Austria, may drive further changes or stabilization. Close monitoring of inflation and currency fluctuations will also be crucial, as will the impact of potential legislative changes on trade and labor laws within the EU.
Top countries in Underwear Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 290.5 | 2023 | +3.79% | -6.22% | View data |
| 2 | 2 Italy | 184.8 | 2023 | +2.72% | -2.09% | View data |
| 3 | 3 Germany | 148.9 | 2023 | -1% | -1.95% | View data |
| 4 | 4 Romania | 109.1 | 2023 | +4.7% | -0.018% | View data |
| 5 | 5 Portugal | 87.8 | 2023 | -0.23% | +0.82% | View data |
| 6 | 6 Bulgaria | 74.9 | 2023 | +2.46% | +2.75% | View data |
| 7 | 7 Poland | 53.4 | 2023 | +2.89% | +0.11% | View data |
| 8 | 8 Lithuania | 35.5 | 2023 | +3.5% | +8.51% | View data |
| 9 | 9 Serbia | 28.8 | 2023 | +7.87% | +8.9% | View data |
| 10 | 10 Spain | 26 | 2023 | +1.96% | -3.39% | View data |
