In 2023, the labour cost per employee FTE in Germany's synthetic rubber industry stood at approximately 98.8 thousand Euros. The forecasted values from 2024 to 2028 indicate a steady increase, with the cost projected to reach 108.9 thousand Euros by 2028. The year-on-year growth is about 2% to 2.1% from 2024 to 2028, reflecting a modest annual cost increase. This gradual rise suggests a compound annual growth rate (CAGR) of around 2.03%, indicating consistent cost pressures over the medium term.
Future trends to watch include potential impacts from evolving European regulations on manufacturing and employment practices, which could affect labour costs indirectly. Additionally, technological advancements in production efficiency could offset some of the anticipated increases in labour expenses.
