In 2023, Germany led the European light metals casting wage market with a share of €45.19 million, followed by Italy (€11.1 million) and France (€8.1 million). Among notable YoY changes, countries like Romania (8.73%), Bulgaria (17.37%), and Croatia (6.59%) experienced significant growth, indicating burgeoning sectors. Conversely, France (-2.47%) and Bosnia and Herzegovina (-3.23%) faced declines, suggesting challenges in maintaining current wage levels. The five-year CAGR depicts varying regional growth patterns, with Eastern European countries generally displaying stronger upward trends than their Western counterparts.
Looking ahead, watch for Eastern Europe's burgeoning light metals industry to impact wage distributions. Additionally, shifts in technology and heightened demand for sustainable materials may drive future wage dynamics across European nations.
Top countries in Light Metals Casting Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 45.19 | 2023 | +5.83% | +1.35% | View data |
| 2 | 2 Italy | 11.1 | 2023 | +9.05% | +1.97% | View data |
| 3 | 3 France | 8.1 | 2023 | +3.52% | -2.47% | View data |
| 4 | 4 Austria | 6.63 | 2023 | +2.53% | +0.2% | View data |
| 5 | 5 United Kingdom | 4.81 | 2023 | +1.27% | +2.08% | View data |
| 6 | 6 Spain | 4.12 | 2023 | +1.27% | +2.01% | View data |
| 7 | 7 Poland | 3.87 | 2023 | +5.48% | +6.3% | View data |
| 8 | 8 Slovenia | 3.38 | 2023 | +9.18% | +4.47% | View data |
| 9 | 9 Hungary | 2.9 | 2023 | +4.99% | +1.78% | View data |
| 10 | 10 Czech Republic | 2.68 | 2023 | +4.94% | +2.56% | View data |
