In 2023, Germany led European wages and salaries in wood products, excluding furniture, with 41.3 million euros, marking a modest growth of 1.05% from the previous year. Italy and Austria followed, showing contrasting trends with Italy declining by 0.9% while Austria increased by 1.32%. Spain saw a notable decrease at -1.79%, while Greece had the steepest decline at -3.5%. Estonia and Slovakia experienced the highest growth, with increases of 3.67% and 3.79%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years indicates moderate growth, influenced by these varying country trends.
Future trends to watch include technological advancements and sustainability practices impacting productivity and wages. Countries demonstrating higher growth rates, such as Estonia and Slovakia, may potentially gain larger shares in the European wood product sector. Additionally, economic and environmental policies, as well as supply chain dynamics, could reshape country contributions to the sector.
Top countries in Wages and Salaries in Wood Products (Except Furniture) Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41.3 | 2023 | +0.84% | +1.05% | View data |
| 2 | 2 Italy | 14.3 | 2023 | -1% | -0.9% | View data |
| 3 | 3 Austria | 11.81 | 2023 | +1.45% | +1.32% | View data |
| 4 | 4 Spain | 8.45 | 2023 | -1.06% | -1.79% | View data |
| 5 | 5 Finland | 6.8 | 2023 | +0.4% | +0.054% | View data |
| 6 | 6 Belgium | 4.75 | 2023 | +1.57% | +1.76% | View data |
| 7 | 7 Netherlands | 3.9 | 2023 | -0.23% | -0.6% | View data |
| 8 | 8 Estonia | 2.91 | 2023 | +3.46% | +3.67% | View data |
| 9 | 9 Slovakia | 2.16 | 2023 | +2.81% | +3.79% | View data |
| 10 | 10 Ireland | 1.58 | 2023 | +1.3% | +2.1% | View data |
