In 2023, Iceland leads in labor cost per employee (FTE) in the European knitted and crocheted apparel sector, with a value of 88.3 thousand euros, followed by the Netherlands and Denmark. Southern and Eastern European countries like Greece, Bulgaria, and Hungary have the lowest costs, ranging from 8.0 to 9.8 thousand euros. Notably, most countries show a wide gap in labor costs, reflecting disparities in wage levels across Europe, exposing opportunities for cost efficiencies.
Future Trends to Watch:
- Potential shifts in labor costs due to economic policies or minimum wage adjustments.
- Impact of automation and technology on labor cost efficiency.
- Changes in supply chain dynamics owing to geopolitical factors affecting cost structures.
Top countries in Knitted and Crocheted Apparel Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Iceland | 88.3 | 2023 | View data |
| 2 | 2 Netherlands | 78.5 | 2023 | View data |
| 3 | 3 Denmark | 68.5 | 2023 | View data |
| 4 | 4 France | 56 | 2023 | View data |
| 5 | 5 Italy | 49.3 | 2023 | View data |
| 6 | 6 Sweden | 47.9 | 2023 | View data |
| 7 | 7 Finland | 44.5 | 2023 | View data |
| 8 | 8 Belgium | 42.3 | 2023 | View data |
| 9 | 9 Norway | 38.3 | 2023 | View data |
| 10 | 10 Spain | 27.6 | 2023 | View data |
