The wages and salaries in the Metal Forming Machinery and Machine Tool sector in Poland have experienced significant fluctuations between 2013 and 2023. Value stood at 70.9 Million Euros in 2023. Between 2013 and 2019, the values demonstrated a generally upward trend with the highest stability seen in 2018 with a year-on-year increase of 16.64%. However, post-2020, a noticeable decline set in with 2023 marking a decrease of 5.21% from the previous year.
The forecast for 2024 to 2028 suggests a continuing downward trend with a forecasted 5-year CAGR of -2.29%. In 2028, it's projected to decline by 10.93% from its 2023 level, reaching 60.3 Million Euros. This showcases a sustained reduction in wages and salaries over the medium term.
Future trends to watch for include potential economic recovery or further declines based on industrial demand, technological advancements, and shifts in labor costs within the manufacturing sector.
