In 2023, France led in labor costs for leather products in Europe at 1.08 billion Euros, showing a year-on-year increase of 2.49%. Germany trailed with 0.656 billion Euros and a slight growth of 0.12%. Slovakia and Austria reported moderate costs at 0.15381 and 0.14299 billion Euros, respectively, each showing growth. Slovenia, the Netherlands, Finland, Greece, and Belgium experienced declines in labor costs, with Belgium showing the most significant drop at -30.7%. Over the past five years, the average annual growth rate (CAGR) for these countries indicates slight overall fluctuations in labor costs, reflecting variable market conditions and productivity changes.
Looking forward, factors like automation, economic policies, and labor market regulations will significantly influence European labor costs in the leather industry. Pay attention to changes in labor agreements, technological advancements, and shifts in production hubs which could impact future costs and geographical labor distribution.
Top countries in Labour Costs in Leather Products by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,080 | 2023 | +1.6% | +2.49% | View data |
| 2 | 2 Germany | 656 | 2023 | +0.61% | +0.12% | View data |
| 3 | 3 Slovakia | 153.81 | 2023 | +1.99% | +1.07% | View data |
| 4 | 4 Austria | 142.99 | 2023 | +0.26% | +0.11% | View data |
| 5 | 5 Slovenia | 62.1 | 2023 | +0.16% | -0.096% | View data |
| 6 | 6 Netherlands | 62 | 2023 | -1.59% | -1.24% | View data |
| 7 | 7 Finland | 36 | 2023 | -2.7% | -3.04% | View data |
| 8 | 8 Greece | 33.06 | 2023 | -3.36% | -4.44% | View data |
| 9 | 9 Belgium | 3.5 | 2023 | -44.44% | -30.7% | View data |
