In Italy, the labour cost per FTE in the prepared animal feeds sector is projected to increase moderately from 58.7 thousand Euros in 2024 to 59.8 thousand Euros in 2028. Compared to 2023, this represents a slight upward trend, as the costs in 2024 are slightly higher. The year-on-year increase from 2024 to 2028 averages around 0.5% to 0.6% annually, indicating stable growth. The compound annual growth rate (CAGR) over the five-year period reflects a steady increase.
Future trends to watch for include:
- The impact of inflationary pressures on labour costs.
- Regulatory changes affecting the industry.
- Technological advancements that might offset labour costs by improving efficiencies.
- Market demand shifts potentially impacting workforce requirements.
