The data from 2023 reveals Italy as holding the largest share in European footwear wages and salaries, followed by Spain and Portugal. Significant growth was observed in Bosnia and Herzegovina and Serbia, while France and Belgium experienced notable declines. Germany and the UK saw moderate increases, reflecting a stable market presence. Meanwhile, Scandinavian countries like Norway and Denmark showed a notable drop, indicating potential challenges in the labor market.
Looking ahead to 2024 and beyond, expect:
- Potential recovery in countries with declining trends like France and Belgium, driven by economic adjustments.
- Emerging markets, especially in Eastern Europe, could witness growth backed by investment and lower manufacturing costs.
- Impact of geopolitical events may influence wage patterns across Europe requiring strategic adaptability.
Top countries in Footwear Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 40.88 | 2023 | +5.86% | +0.61% | View data |
| 2 | 2 Spain | 11.72 | 2023 | +5.47% | +1.03% | View data |
| 3 | 3 Portugal | 9.23 | 2023 | -4% | -4.37% | View data |
| 4 | 4 Germany | 9.09 | 2023 | +2.19% | +2.59% | View data |
| 5 | 5 Romania | 6.75 | 2023 | +6.24% | +0.007% | View data |
| 6 | 6 United Kingdom | 3.35 | 2023 | +1.8% | +2% | View data |
| 7 | 7 Poland | 3.2 | 2023 | +7% | -0.16% | View data |
| 8 | 8 Bosnia and Herzegovina | 2.38 | 2023 | +4.48% | +4.14% | View data |
| 9 | 9 France | 2.31 | 2023 | -5.26% | -10.23% | View data |
| 10 | 10 Slovakia | 1.92 | 2023 | +1.51% | +0.92% | View data |
