The European textile, apparel, and leather machinery sector shows diverse wage levels across countries. In 2023, Germany leads with significant wages, followed by Italy and France, reflecting their strong industrial base. Notably, countries like Serbia and Bulgaria exhibit high percentage growth in wages, indicating budding industry activities despite lower absolute values. Conversely, Austria and Greece faced wage declines, possibly due to economic adjustments or competitive pressures. Over the past five years, there has been an evolving landscape marked by fluctuations in the economic environment and technological advancement's impact on operating costs and labor dynamics.
Future trends in the sector may include:
- A potential increase in automation influencing wage structures across Western Europe.
- Shifting of operations to Eastern Europe, driven by lower wage expectations.
- Impacts of sustainability and ethical production values altering job demands and wage scales.
- Policy changes across the EU potentially creating employment shifts and wage redistributions.
Top countries in Textile, Apparel and Leather Machinery Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,220 | 2023 | +4.09% | +0.33% | View data |
| 2 | 2 Italy | 441.7 | 2023 | +4.42% | -0.54% | View data |
| 3 | 3 France | 245.6 | 2023 | +4.02% | +1.9% | View data |
| 4 | 4 Czech Republic | 115 | 2023 | +7.78% | +4.86% | View data |
| 5 | 5 Belgium | 95.5 | 2023 | +1.17% | -1.82% | View data |
| 6 | 6 Spain | 72.3 | 2023 | +4.78% | +3.53% | View data |
| 7 | 7 United Kingdom | 39.6 | 2023 | -0.25% | +0.2% | View data |
| 8 | 8 Sweden | 33.1 | 2023 | -0.3% | +3.55% | View data |
| 9 | 9 Portugal | 29.9 | 2023 | +2.4% | +1.76% | View data |
| 10 | 10 Austria | 21.1 | 2023 | -6.22% | -5.9% | View data |
