In 2023, the labour cost per FTE in the essential oils sector in Italy was slightly below the forecasted 53.8 thousand euros for 2024. This marginal increase remains consistent over the subsequent years with costs forecasted at 53.9 thousand euros for 2025 through 2028. The year-on-year growth from 2024 to 2025 is minimal, and stability is projected through 2028, indicating a plateau in labor costs.
Future trends to watch for:
- Potential changes in labour regulations or minimum wage adjustments could impact costs.
- Economic factors such as inflation or shifts in demand within the essential oils market.
- Technological advancements that may affect workforce requirements and efficiency.
- Global supply chain dynamics, especially post-pandemic recovery efforts and geopolitical factors.
