The historical data for sawmilling and planing of wood wages and salaries in Spain show fluctuations between 2013 and 2023, with the value standing at 143.2 million euros in 2023. The year-on-year variations over the last two years indicate a growth of 1.58% in 2022 and 1.2% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) stands at 2.14%.
Future trends suggest a steady but modest increase in wages and salaries with a forecasted 5-year CAGR of 0.47% and an overall 5-year growth rate of 2.35%, reaching 148.0 million euros by 2028.
Key trends to watch:
- Inflation and economic conditions impacting wage adjustments.
- Technological advancements and their impact on labor demand in the sawmilling and planing sector.
- Government policies and regulations affecting the forestry and wood industries.
