The European Plastic Plates, Sheets, Tubes, and Profiles industry in 2023 shows a significant variance in labor costs per employee across countries. Notably, Belgium leads with the highest labor cost at 81.3 thousand Euros, followed closely by Denmark and Austria. Central and Eastern European countries like Bulgaria, Bosnia and Herzegovina have the lowest costs, indicating substantial labor cost disparities across Europe. The cost tends to decrease moving from Western to Eastern Europe.
Future trends to watch for include potential cost convergence as Eastern European countries catch up in industry wages, driven by economic growth and increased demand for skilled labor. Wage inflation in Western Europe may also prompt manufacturers to seek more cost-effective locations, influencing industry dynamics. Automation and digital transformation could further impact labor costs over time.
Top countries in Plastic Plates, Sheets, Tubes and Profiles Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Belgium | 81.3 | 2023 | View data |
| 2 | 2 Denmark | 79.6 | 2023 | View data |
| 3 | 3 Austria | 76.2 | 2023 | View data |
| 4 | 4 Norway | 67.4 | 2023 | View data |
| 5 | 5 Iceland | 66.8 | 2023 | View data |
| 6 | 6 Netherlands | 64.8 | 2023 | View data |
| 7 | 7 Sweden | 64.3 | 2023 | View data |
| 8 | 8 Germany | 64.3 | 2023 | View data |
| 9 | 9 Finland | 63.4 | 2023 | View data |
| 10 | 10 France | 62.4 | 2023 | View data |
