In 2023, Germany led Europe in labor costs for non-ferrous metals at 6.39 billion euros, with a year-on-year increase of 1.6%. Italy followed at 1.81 billion, growing by 1.32%. The Netherlands and Greece, however, saw declines in labor costs at -1.34% and -1.81% respectively. Slovenia showed significant growth at 4.46%. Over the past five years, Germany and Italy have maintained steady growth, while Slovenia has seen substantial increases, contrasting with declines in the Netherlands and Greece.
Future trends to watch in European labor costs for non-ferrous metals include:
- Technological advancements potentially impacting labor demands and costs.
- Economic policies and trade regulations affecting cost structures.
- Shifts in global supply chain dynamics influencing labor markets across countries.
Top countries in Labour Costs in Non-Ferrous Metals by Country
| # | 5 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 6,390 | 2023 | +1.72% | +1.6% | View data |
| 2 | 2 Italy | 1,810 | 2023 | +0.92% | +1.32% | View data |
| 3 | 3 Netherlands | 315 | 2023 | -0.94% | -1.34% | View data |
| 4 | 4 Slovenia | 198.26 | 2023 | +3.69% | +4.46% | View data |
| 5 | 5 Greece | 188.75 | 2023 | +0.37% | -1.81% | View data |
