In 2023, labor costs per employee full-time equivalent in the preparation and spinning of textile fibers sector varied significantly across Europe. The highest costs were in Iceland, Switzerland, and Norway, indicating a trend towards greater expenses in northern and non-EU countries. Meanwhile, Eastern and Southern European countries like Bulgaria, Romania, and Croatia reported the lowest costs. Labor cost growth has been stable over the past years, without substantial fluctuations in annual percentage changes or CAGR, indicating steady trends across the industry.
Future trends include monitoring potential cost increases in Western Europe due to inflationary pressures and labor market dynamics. Additionally, automation and technological advancements may help control labor costs in traditionally high-cost countries.
Top countries in Preparation and Spinning of Textile Fibres Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Iceland | 64.9 | 2023 | View data |
| 2 | 2 Switzerland | 63.8 | 2023 | View data |
| 3 | 3 Norway | 55.3 | 2023 | View data |
| 4 | 4 Austria | 54.4 | 2023 | View data |
| 5 | 5 Belgium | 49.8 | 2023 | View data |
| 6 | 6 Italy | 47.9 | 2023 | View data |
| 7 | 7 Sweden | 46.1 | 2023 | View data |
| 8 | 8 France | 45.9 | 2023 | View data |
| 9 | 9 Germany | 41.6 | 2023 | View data |
| 10 | 10 Spain | 30.1 | 2023 | View data |
