In 2023, Italy led European wages and salaries in textiles and wearing apparel with a value of €6.64 billion, followed by France at €2.06 billion and Spain at €1.46 billion. Other countries like Belgium, Netherlands, and Austria exhibited significantly lower figures, with Greece and Slovenia showing the lowest wage scales. Compared to previous years, 2023 saw declines in most countries, such as Greece with a notable 10.83% reduction, and Spain with a 2.85% decrease. Slovakia was the only country with a growth of 1.69%. Over the last five years, compounded annual growth rates have similarly varied, reflecting longer-term trends of reduction or stagnation.
Future trends to watch include the continued reduction in textile wages in Western European countries due to increasing automation and competition from lower-wage regions. Conversely, Eastern European countries like Slovakia might experience relative wage growth due to investments in production capabilities. Sustainability trends and shifts in consumer preferences could also influence labor costs and industry focus across Europe.
Top countries in Wages and Salaries in Textiles and Wearing Apparel by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 6,640 | 2023 | -0.049% | -0.049% | View data |
| 2 | 2 France | 2,060 | 2023 | -1.67% | -1.54% | View data |
| 3 | 3 Spain | 1,460 | 2023 | -2.35% | -2.85% | View data |
| 4 | 4 Belgium | 638.1 | 2023 | -2.12% | -2.95% | View data |
| 5 | 5 Netherlands | 482 | 2023 | +0.42% | -0.21% | View data |
| 6 | 6 Austria | 375.03 | 2023 | -2.19% | -2.37% | View data |
| 7 | 7 Slovakia | 230.93 | 2023 | +1.35% | +1.69% | View data |
| 8 | 8 Finland | 161 | 2023 | -1.83% | -2.21% | View data |
| 9 | 9 Greece | 151.26 | 2023 | -11.14% | -10.83% | View data |
| 10 | 10 Slovenia | 83.7 | 2023 | -4.12% | -4.79% | View data |
