In 2023, Germany led European wages and salaries in Concrete, Cement, and Plaster articles with significant year-on-year growth at 2.27%, marking a robust industry environment. France and Austria showed moderate increases at 1.3% and 1.36%, respectively. Spain displayed notable growth at 6.62%, while Italy and Belgium experienced downturns at -1.6% and -1.54%, respectively. Romania and Lithuania reported double-digit growth rates above 10%, indicating rapidly increasing wages. Conversely, Norway and Hungary faced declines, reflecting potential market challenges. Overall, Eastern European countries like Bulgaria, Latvia, and Estonia experienced rapid growth, highlighting their rising role in the industry.
Future trends to watch include potential wage convergence across Europe, as Eastern countries catch up with Western ones. Economic shifts and regulatory changes may influence wage dynamics. Moreover, sustainability trends could impact industry operations and wage structures, as green construction alternatives gain traction. Observing how these facets evolve will provide clearer insights into the long-term trajectory of this sector's market.
Top countries in Concrete, Cement and Plaster Articles Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,210 | 2023 | +1.57% | +2.27% | View data |
| 2 | 2 France | 1,890 | 2023 | +5.17% | +1.3% | View data |
| 3 | 3 United Kingdom | 1,010 | 2023 | -1.02% | +0.02% | View data |
| 4 | 4 Spain | 751.8 | 2023 | +5.63% | +6.62% | View data |
| 5 | 5 Italy | 685.7 | 2023 | -1.68% | -1.6% | View data |
| 6 | 6 Poland | 653.6 | 2023 | +2.4% | +2.97% | View data |
| 7 | 7 Austria | 586.2 | 2023 | +1.31% | +1.36% | View data |
| 8 | 8 Denmark | 522.1 | 2023 | +1.3% | +1.97% | View data |
| 9 | 9 Switzerland | 474.9 | 2023 | +0.23% | +1.9% | View data |
| 10 | 10 Netherlands | 463.2 | 2023 | -0.17% | +0.74% | View data |
