The labour cost per employee full-time equivalent (FTE) in the UK's cocoa, chocolate, and sugar confectionery sector is forecasted to progressively increase from 2024 to 2028, starting at 62.2 thousand Euros in 2024 and reaching 65.8 thousand Euros by 2028. This reflects a steady year-on-year growth in labour costs.
In 2023, these costs likely stood at a lower level, marking a continuous upward trajectory into the forecasted years. The compound annual growth rate (CAGR) across the five-year forecast period supports a moderate increase in employee-related expenses.
Future trends to watch for include:
- Potential impacts of inflationary pressures on labour costs.
- Shifts in employment practices and productivity enhancements.
- Economic factors affecting the confectionery market impacting employment costs.
