Germany leads the European metal casting wage share, significantly outpacing Italy and France. France saw a notable -3.74% decline in 2023, while Poland and Slovenia enjoyed considerable gains at 2.33% and 3.23% respectively. Serbia's wages surged by an impressive 10.86%, contrasting with declines in Greece and Norway. Over five years, the highest average growth was observed in Slovakia, Serbia, and Lithuania. Conversely, Finland, Portugal, and Croatia experienced negative trends.
Future trends to watch include potential growth in Eastern European countries supported by industrial expansion, while Western Europe might face challenges due to wage pressures and economic slowdown.
Top countries in Metals Casting Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 47.23 | 2023 | +6.2% | +0.98% | View data |
| 2 | 2 Italy | 10.1 | 2023 | +6.24% | +0.081% | View data |
| 3 | 3 France | 6.43 | 2023 | -1.73% | -3.74% | View data |
| 4 | 4 Spain | 5.15 | 2023 | -0.3% | -0.33% | View data |
| 5 | 5 United Kingdom | 4.28 | 2023 | -1.24% | -1.16% | View data |
| 6 | 6 Austria | 3.85 | 2023 | +0.91% | +0.062% | View data |
| 7 | 7 Poland | 3.48 | 2023 | +5.3% | +2.33% | View data |
| 8 | 8 Switzerland | 2.77 | 2023 | +3.61% | -0.5% | View data |
| 9 | 9 Czech Republic | 2.25 | 2023 | +3.69% | -0.27% | View data |
| 10 | 10 Slovenia | 1.91 | 2023 | +7.31% | +3.23% | View data |
