The Italian textiles finishing sector shows the highest wage share, albeit experiencing a 4.5% decline in 2023. Germany and Spain follow, with Germany slightly decreasing by 0.36% and Spain increasing by 3.25%. Portugal displayed slight growth, while significant declines occurred in France and Denmark. Croatia and Sweden faced notable reductions. Iceland saw the highest positive variation at 18.92%, though from a lower base. A broader trend finds Eastern European countries like Lithuania and Hungary gaining slightly, signaling potential growth areas.
Future trends to watch for include potential wage stabilization in larger markets like Italy and Germany, increased investment in Eastern Europe, and technology-driven efficiency improvements that might affect employment costs. Sustainability and innovation could drive wage dynamics as the industry evolves to meet environmental standards.
Top countries in Textiles Finishing Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 24.77 | 2023 | -3.42% | -4.5% | View data |
| 2 | 2 Germany | 20.97 | 2023 | +4.81% | -0.36% | View data |
| 3 | 3 Spain | 14.34 | 2023 | +6.02% | +3.25% | View data |
| 4 | 4 United Kingdom | 11.9 | 2023 | +0.24% | +0.73% | View data |
| 5 | 5 Portugal | 9.13 | 2023 | +1.58% | +1.63% | View data |
| 6 | 6 Switzerland | 3.84 | 2023 | 0% | -1.14% | View data |
| 7 | 7 Poland | 3.67 | 2023 | +0.58% | +1.58% | View data |
| 8 | 8 France | 2.84 | 2023 | -3.84% | -3.49% | View data |
| 9 | 9 Romania | 1.64 | 2023 | +7.94% | +0.44% | View data |
| 10 | 10 Belgium | 1.27 | 2023 | +0.56% | -4.39% | View data |
