In 2023, Germany held the highest share of European labor costs in wood products (except furniture) at 40.21 million euros, followed by Italy with 16.39 million. While Germany saw a 1.03% increase, Italy experienced a 1.08% decrease. Austria and Belgium showed positive growth, with labor costs improving by 1.33% and 1.65%, respectively. Conversely, Spain's costs decreased by 1.82%. Estonia had the highest year-on-year growth, with a 3.7% increase. Over the last five years, country-specific growth trends vary, indicating diverse industry dynamics across Europe.
Looking forward, changes in environmental regulations, technological advancements, and economic conditions will play pivotal roles in shaping labor cost structures. Monitoring these factors and their impact on operational efficiency and competitive positioning will be critical.
Top countries in Labour Costs in Wood Products (Except Furniture) Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 40.21 | 2023 | +0.81% | +1.03% | View data |
| 2 | 2 Italy | 16.39 | 2023 | -1.18% | -1.08% | View data |
| 3 | 3 Austria | 11.72 | 2023 | +1.47% | +1.33% | View data |
| 4 | 4 Spain | 9.13 | 2023 | -1.06% | -1.82% | View data |
| 5 | 5 Finland | 6.67 | 2023 | +0.11% | -0.16% | View data |
| 6 | 6 Belgium | 5.1 | 2023 | +1.38% | +1.65% | View data |
| 7 | 7 Netherlands | 4.11 | 2023 | -0.18% | -0.58% | View data |
| 8 | 8 Estonia | 3.19 | 2023 | +3.45% | +3.7% | View data |
| 9 | 9 Ireland | 1.49 | 2023 | +1.26% | +1.99% | View data |
| 10 | 10 Slovenia | 1.3 | 2023 | +1% | +0.67% | View data |
