The analysis of European Paper and Paperboard Machinery Hours Worked by Country in 2023 indicates Finland leads with 12.274 million hours, marking a 1.92% increase. Italy follows with 11.243 million hours but experienced a slight 0.46% decline. Germany reported 10.115 million hours, dropping by 5.3%, while Austria increased by 1.01% with 5.7563 million hours. Sweden and Hungary observed declines of 2.88% and 2.05%, respectively. In contrast, Portugal and Greece saw significant increases, at 15.43% and 7.57%. Smaller markets like Bulgaria and Czech Republic recorded notable decreases of 7.75% and 4.8%, respectively.
Future trends to watch include:
- Potential growth in southern European countries like Portugal and Greece due to increasing investments.
- The impact of automation and technological advancements on labor requirements, potentially reducing hours worked in more developed markets like Germany.
- Environmental regulations driving innovation and potentially altering labor dynamics in countries key to the industry.
Top countries in Paper and Paperboard Machinery Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Finland | 12,274,000 | 2023 | +1.2% | +1.92% | View data |
| 2 | 2 Italy | 11,243,000 | 2023 | +0.095% | -0.46% | View data |
| 3 | 3 Germany | 10,115,000 | 2023 | +0.65% | -5.3% | View data |
| 4 | 4 Austria | 5,756,300 | 2023 | +1.38% | +1.01% | View data |
| 5 | 5 Sweden | 3,487,400 | 2023 | -2.04% | -2.88% | View data |
| 6 | 6 Spain | 2,803,500 | 2023 | -1.13% | +0.32% | View data |
| 7 | 7 Poland | 1,906,700 | 2023 | +1.69% | +1.33% | View data |
| 8 | 8 Czech Republic | 1,710,800 | 2023 | -1.09% | -4.8% | View data |
| 9 | 9 Netherlands | 867,740 | 2023 | +1% | +0.23% | View data |
| 10 | 10 Hungary | 406,900 | 2023 | -2.09% | -2.05% | View data |
