In 2023, Germany topped the wages and salaries in the European Rusks, Biscuits, Preserved Pastry Goods and Cakes sector with a value of 536 million Euros, followed by Italy and Spain. Significant growth was observed in Portugal and Bulgaria, registering increases of 6.41% and 5.72% respectively. Conversely, France experienced a decline of 4.61%. Lithuania saw considerable growth at 17.14%, while Croatia and Bosnia and Herzegovina faced negative trends.
Future trends to watch include:
- Potential expansion in Eastern European countries like Lithuania and Poland due to rising local production capabilities.
- The impact of economic policies and inflation on key markets such as Germany and Italy.
- Technological advancements affecting labor costs in the sector across Europe.
Top countries in Rusks, Biscuits, Preserved Pastry Goods and Cakes Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 536 | 2023 | +1.38% | +1.7% | View data |
| 2 | 2 Italy | 517.4 | 2023 | +1.21% | +1.12% | View data |
| 3 | 3 Spain | 414.5 | 2023 | +3.16% | +2.72% | View data |
| 4 | 4 France | 288.8 | 2023 | -2.3% | -4.61% | View data |
| 5 | 5 Netherlands | 254.7 | 2023 | +1.8% | +1.12% | View data |
| 6 | 6 Poland | 120.3 | 2023 | +5.34% | +2.31% | View data |
| 7 | 7 Greece | 102.8 | 2023 | +2.49% | +2.65% | View data |
| 8 | 8 Austria | 84.4 | 2023 | +2.55% | +2.89% | View data |
| 9 | 9 Sweden | 69.5 | 2023 | +0.14% | +0.89% | View data |
| 10 | 10 Hungary | 65.3 | 2023 | +3.32% | +3.31% | View data |
