In 2023, the labor cost per employee FTE in the European knitted and crocheted hosiery sector significantly varies, with France leading at 59.8 thousand euros, followed by Italy and Finland. At the lower end, Bulgaria and Hungary share the lowest labor cost. Over the last two years, variations remained stable, with countries maintaining their relative positions.
Looking forward, future trends to watch include potential shifts driven by automation, cost-cutting initiatives, and geopolitical developments. Additionally, the emergence of sustainable practices and digital transformation may influence labor costs, as companies adapt to changing demands and regulatory landscapes across Europe.
Top countries in Knitted and Crocheted Hosiery Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 France | 59.8 | 2023 | View data |
| 2 | 2 Italy | 50.8 | 2023 | View data |
| 3 | 3 Finland | 44.7 | 2023 | View data |
| 4 | 4 Sweden | 43.1 | 2023 | View data |
| 5 | 5 Spain | 27.4 | 2023 | View data |
| 6 | 6 Lithuania | 20.4 | 2023 | View data |
| 7 | 7 Czech Republic | 16.2 | 2023 | View data |
| 8 | 8 Slovakia | 14.9 | 2023 | View data |
| 9 | 9 Portugal | 14.2 | 2023 | View data |
| 10 | 10 Poland | 11.9 | 2023 | View data |
