The European Cutting, Shaping, and Finishing of Stone industry showed varied wage growth across countries in 2023. Germany, the leader with €646.3 million, noted a modest 0.55% increase. Countries like Switzerland and Slovenia experienced significant hikes at 13.49% and 10.93%, respectively. Conversely, Italy, and Spain saw declines with -1.41% and -4.86%. Other notable growths included Lithuania at 15.59% and Romania at 11.77%. Croatia and Hungary also displayed healthy increases. Nations with minimal growth or declines such as Sweden, Norway, and the Netherlands suggest wage pressures or shifts in market dynamics.
Future trends in this sector may include:
- The impact of automation and digitalization potentially moderating wage increases.
- Possible shifts in wage distribution as Eastern European countries continue to record strong growth rates.
- Currency fluctuations and their potential impact on salary valuations across the Eurozone and non-Euro countries.
- Policy changes related to labor in the construction and related stone industries influencing wages.
Top countries in Cutting, Shaping and Finishing of Stone Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 646.3 | 2023 | +6.11% | +0.55% | View data |
| 2 | 2 Italy | 427.7 | 2023 | +1.72% | -1.41% | View data |
| 3 | 3 Spain | 403.1 | 2023 | -6.25% | -4.86% | View data |
| 4 | 4 United Kingdom | 236.1 | 2023 | +1.46% | +0.99% | View data |
| 5 | 5 France | 189.6 | 2023 | +0.53% | +0.31% | View data |
| 6 | 6 Switzerland | 188.1 | 2023 | +7.18% | +13.49% | View data |
| 7 | 7 Portugal | 124.9 | 2023 | +1.22% | +2.69% | View data |
| 8 | 8 Austria | 92.4 | 2023 | +0.76% | +1.03% | View data |
| 9 | 9 Greece | 67.8 | 2023 | +3.04% | +1.67% | View data |
| 10 | 10 Poland | 67.3 | 2023 | +2.75% | +5.83% | View data |
