The European starches and starch products sector displays considerable variability in wages and salaries by country. The Netherlands leads with €153.5 million, followed by Belgium and Italy at €101.6 million and €93.3 million, respectively. Other countries such as Denmark, Spain, and Hungary lag, with Hungary recording the highest growth rate at 16.88% in 2023. Notably, Greece's decline to near-zero illustrates stark regional differences. The compound annual growth rate over the past five years reflects a general upward trend, although some countries like Spain are on a downward trajectory.
Future trends to watch include potential shifts in labor cost structures, driven by automation and technological advancements. Additionally, economic and policy changes could heavily influence wage disparities across Europe. Monitoring these developments will be crucial for understanding regional economic competitiveness in the starch industry.
Top countries in Starches and Starch Products Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 153.5 | 2023 | +3.23% | +4.16% | View data |
| 2 | 2 Belgium | 101.6 | 2023 | +5.28% | +4.87% | View data |
| 3 | 3 Italy | 93.3 | 2023 | +4.71% | +5.09% | View data |
| 4 | 4 Denmark | 44 | 2023 | +7.58% | +8.47% | View data |
| 5 | 5 Spain | 23.5 | 2023 | -0.42% | -2% | View data |
| 6 | 6 Hungary | 20.5 | 2023 | +6.22% | +16.88% | View data |
| 7 | 7 Poland | 17.9 | 2023 | +2.29% | +4.74% | View data |
| 8 | 8 Finland | 7.4 | 2023 | +2.78% | +3.94% | View data |
| 9 | 9 Czech Republic | 7.3 | 2023 | +2.82% | +3.75% | View data |
| 10 | 10 Portugal | 3.4 | 2023 | +3.03% | +1.22% | View data |
