The European essential oils industry experienced notable variations in wages and salaries across countries in 2023. France and Germany led with the highest values in millions of euros. France saw a significant 9.51% increase, while Germany had a modest 4.47% rise. Spain and the UK showed moderate growth, with Spain at 5.83% and the UK at 1.38%. Eastern European countries like Bulgaria, Hungary, and Serbia exhibited strong growth, with Hungary and Serbia at nearly 19% and 30% respectively. Southern European countries like Greece, Portugal, and Bosnia and Herzegovina remained stagnant with no noticeable change.
Future trends to watch:
- Continued growth in Eastern Europe as these markets mature and expand their presence in the essential oils sector.
- Potential volatility in Western Europe, where market saturation may impact wage growth rates.
- Emerging opportunities in niche markets and sustainable practices might drive wage increases in smaller European countries.
Top countries in Essential Oils Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 451.4 | 2023 | +3.15% | +9.51% | View data |
| 2 | 2 Germany | 393.9 | 2023 | +3.44% | +4.47% | View data |
| 3 | 3 Spain | 149.5 | 2023 | +5.43% | +5.83% | View data |
| 4 | 4 United Kingdom | 136.2 | 2023 | +0.89% | +1.38% | View data |
| 5 | 5 Italy | 32.1 | 2023 | +2.56% | +2.92% | View data |
| 6 | 6 Bulgaria | 9.7 | 2023 | +10.23% | +12.43% | View data |
| 7 | 7 Hungary | 8.1 | 2023 | +12.5% | +18.96% | View data |
| 8 | 8 Poland | 6.7 | 2023 | +4.69% | +8.29% | View data |
| 9 | 9 Greece | 4.7 | 2023 | +2.17% | 0% | View data |
| 10 | 10 Romania | 1.6 | 2023 | 0% | +4.24% | View data |
