In 2023, the labor cost per employee FTE in Germany's meat and poultry meat products sector is estimated to be slightly below the 2024 forecast at 38.5 thousand euros. From 2024 to 2028, this cost is projected to increase steadily, with year-on-year growth rates averaging around 2.9%. This consistent rise reflects a projected compound annual growth rate (CAGR) of 2.9% over this five-year period, indicating a trend of increasing labor costs in the sector.
Future trends to watch for include potential impacts from labor market changes, automation, regulatory shifts, and consumer demand for sustainable practices, all of which could influence labor costs and sector dynamics.
