In 2023, European plastic product wages and salaries showed significant disparities. Germany led with €16.18 billion, far outpacing France and the UK at around €4.3 billion each. Eastern European countries such as Poland, Hungary, and Romania reported growth rates of 3.79%, 3.41%, and 0.76% respectively, indicating a shift towards more eastern workforce contributions. Notable shrinkages occurred in Greece (-0.54%) and Norway (-0.49%), reflecting economic challenges. Lithuania and Bosnia stood out for double-digit growth at 16.79% and 10.79% respectively.
Future trends suggest continued growth in Eastern Europe, driven by lower costs and expansions of manufacturing bases. Germany may sustain its lead with technological advancements, but cost pressures could encourage multinational shifts towards lower-wage countries. Investments in automation and sustainability will likely shape wage dynamics across Europe.
Top countries in Plastics Products Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 16,180 | 2023 | +2.6% | +2.01% | View data |
| 2 | 2 France | 4,300 | 2023 | +0.067% | +1.06% | View data |
| 3 | 3 United Kingdom | 4,230 | 2023 | +0.21% | +0.3% | View data |
| 4 | 4 Italy | 3,930 | 2023 | +0.78% | -0.11% | View data |
| 5 | 5 Poland | 2,570 | 2023 | +1.98% | +3.79% | View data |
| 6 | 6 Spain | 2,100 | 2023 | -1.42% | -0.88% | View data |
| 7 | 7 Switzerland | 1,650 | 2023 | +1.86% | +2.68% | View data |
| 8 | 8 Netherlands | 1,560 | 2023 | +3.98% | +4.72% | View data |
| 9 | 9 Austria | 1,500 | 2023 | +3.4% | +3% | View data |
| 10 | 10 Belgium | 1,080 | 2023 | +1.48% | +2.78% | View data |
