In 2023, Germany led in wages and salaries within the rubber, plastics, and non-metallic mineral products sectors in Europe, valued at 29.09 billion Euros. Italy and Spain followed with values of 9.8 billion and 4.91 billion Euros, respectively. Notably, Slovakia showed a significant increase with a year-on-year growth rate of 3.93%, indicating a rapidly evolving market. Declines were observed in Spain and Greece, with reductions of 1.0% and 0.69%, respectively.
Looking ahead, the European market is expected to experience continued geographical disparities, with emerging economies like Slovakia potentially gaining more market share due to competitive wage strategies. Structural changes and automation trends also suggest potential shifts in labor costs and employment patterns across various countries. Monitoring shifts in EU regulations and sustainability initiatives will be essential, as they will likely impact future wage trends.
Top countries in Wages and Salaries in Rubber and Plastics Products, and Other Non-metallic Mineral Products by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 29,090 | 2023 | +1.51% | +1.57% | View data |
| 2 | 2 Italy | 9,800 | 2023 | +0.49% | +0.51% | View data |
| 3 | 3 Spain | 4,910 | 2023 | -0.85% | -1% | View data |
| 4 | 4 Austria | 2,940 | 2023 | +1.35% | +1.28% | View data |
| 5 | 5 Belgium | 2,720 | 2023 | +1.34% | +1.75% | View data |
| 6 | 6 Netherlands | 2,460 | 2023 | +0.99% | +0.88% | View data |
| 7 | 7 Finland | 1,110 | 2023 | +0.63% | +0.42% | View data |
| 8 | 8 Slovakia | 950.51 | 2023 | +3.19% | +3.93% | View data |
| 9 | 9 Ireland | 741.2 | 2023 | +1.8% | +2.71% | View data |
| 10 | 10 Slovenia | 595.1 | 2023 | +2.39% | +2.15% | View data |
