In 2023, France and Germany ranked highest in wages and salaries in the European Rubber Tyres and Tubes sector, reflecting greater industry size or cost. Interestingly, while France saw a moderate increase, Germany's growth was minimal. Central and Eastern European countries like Poland, Romania, and Serbia exhibited remarkable growth, pointing to a climbing industry presence. Western nations such as the UK and Nordic countries generally observed negative or minimal growth, highlighting market saturation or shifts in production locales. The dramatic 100% decline in Bulgaria underscores volatile conditions or industry downturns.
Looking forward, growth is likely to favor Eastern Europe due to cost advantages and increasing skill competitiveness, while automation and technological advancements might influence high-wage Western markets, potentially stabilizing or reducing labor demands. Monitoring shifts in manufacturing locations and investment flows will be crucial for future wage trend predictions.
Top countries in Rubber Tyres and Tubes Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,510 | 2023 | +28.14% | +3.71% | View data |
| 2 | 2 Germany | 1,490 | 2023 | +1.96% | +0.097% | View data |
| 3 | 3 Italy | 488.6 | 2023 | +6.19% | +0.67% | View data |
| 4 | 4 Spain | 419.9 | 2023 | -0.14% | -1.52% | View data |
| 5 | 5 Poland | 271.5 | 2023 | +5.6% | +5.7% | View data |
| 6 | 6 Romania | 248.6 | 2023 | +7.29% | +7.78% | View data |
| 7 | 7 United Kingdom | 215 | 2023 | -2.01% | -0.52% | View data |
| 8 | 8 Czech Republic | 204.3 | 2023 | +3.34% | +3.05% | View data |
| 9 | 9 Hungary | 145.8 | 2023 | +4.67% | +4.61% | View data |
| 10 | 10 Slovakia | 133.6 | 2023 | +4.46% | +5.1% | View data |
