Germany dominates the European cutlery industry in terms of wages and salaries, with a share significantly larger than other countries at 47.04 million Euros. France and Italy are the next largest players but trail far behind, with 12.67 and 12.06 million Euros, respectively. Emerging markets like Greece and Spain show promising growth, boasting figures of 10.97 and 7.17 million Euros. While countries like the United Kingdom and Sweden have smaller shares at 1.84 and 1.72 million Euros, respectively, they have shown minimal year-on-year variations.
Key year-on-year variations show that Germany experienced a decrease of 5.29%, while Italy, Belgium, and Denmark demonstrated substantial wage growth with increases of 7.85%, 7.71%, and 14.87%, respectively. Croatia saw a notable decline of 12.94%, whereas other smaller markets such as Hungary and Slovakia remained static.
Future trends to watch include potential growth in emerging markets like Greece and Spain, which could gradually increase their share in the European cutlery wages and salaries landscape. Monitoring the economic stability and industrial policy changes in these countries can offer further insights into market shifts.
Top countries in Cutlery Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 47.04 | 2023 | -4.04% | -5.29% | View data |
| 2 | 2 France | 12.67 | 2023 | +1.68% | +0.79% | View data |
| 3 | 3 Italy | 12.06 | 2023 | +9.75% | +7.85% | View data |
| 4 | 4 Greece | 10.97 | 2023 | +2.84% | +3.53% | View data |
| 5 | 5 Spain | 7.17 | 2023 | -1.28% | +3.77% | View data |
| 6 | 6 Portugal | 4.19 | 2023 | +1.12% | +0.8% | View data |
| 7 | 7 United Kingdom | 1.84 | 2023 | +1.28% | -0.74% | View data |
| 8 | 8 Sweden | 1.72 | 2023 | +1.37% | +1.71% | View data |
| 9 | 9 Norway | 0.75 | 2023 | +3.23% | -1.78% | View data |
| 10 | 10 Finland | 0.75 | 2023 | +3.23% | +3.46% | View data |
