In 2023, the labour cost per employee FTE in the veneer sheets and wood-based panels industry in Germany stood at €54.5 thousand. Forecast data shows a consistent, moderate growth in costs, with a compound annual growth rate (CAGR) of approximately 1.27% over the next five years, reaching €58.2 thousand by 2028.
Year-on-year analysis reveals a steady increase in labour costs, with variations ranging from about 1.45% to 1.57%. This steady climb is indicative of rising operational costs, possibly influenced by inflation and wage negotiations in the sector.
Future trends to watch for include:
- Inflationary pressures affecting manufacturing input costs.
- Regulatory changes impacting labour markets in Germany.
- Potential technological advancements influencing wage structures.
