In 2023, Germany led the European Fibre Cement sector with 2.1161 million hours worked, showing a slight 2.11% increase from the prior year. Belgium and Austria also noted positive increments in hours, with Belgium at 1.8342 million and Austria seeing a significant 4.58% increase. Conversely, Italy and Spain experienced contractions, with -5.95% and -8.55% respectively, highlighting potential challenges. Notably, Latvia and Sweden showed strong growth, with Latvia’s hours soaring by 16.96%. In contrast, Portugal’s hours decline starkly by 17.43%.
Future trends suggest an ongoing diversification in working hours across Europe, driven by digitalization and shifts in labor demands. Countries with negative growth like Italy and Spain may focus on strategic restructuring to enhance productivity, while growth markets like Latvia and Sweden could benefit from sustained investment and technological adoption.
Top countries in Fibre Cement Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,116,100 | 2023 | -4.49% | +2.11% | View data |
| 2 | 2 Belgium | 1,834,200 | 2023 | +0.62% | +0.31% | View data |
| 3 | 3 Austria | 1,376,300 | 2023 | +5.69% | +4.58% | View data |
| 4 | 4 Czech Republic | 1,107,700 | 2023 | -0.72% | -0.41% | View data |
| 5 | 5 Italy | 638,760 | 2023 | -7.91% | -5.95% | View data |
| 6 | 6 Hungary | 565,560 | 2023 | +0.42% | +5.2% | View data |
| 7 | 7 Spain | 320,280 | 2023 | -10.91% | -8.55% | View data |
| 8 | 8 Latvia | 225,010 | 2023 | +10.97% | +16.96% | View data |
| 9 | 9 Netherlands | 203,830 | 2023 | -6.45% | -9.81% | View data |
| 10 | 10 Sweden | 139,500 | 2023 | +12.77% | +16.52% | View data |
