In 2023, the labour cost per employee FTE in Germany for rusks, biscuits, preserved pastry goods, and cakes was below 55.2 thousand Euros. Forecasts from 2024 to 2028 project a consistent year-on-year increase, indicating a robust growth trajectory. Specifically, the annual growth rates are expected to be around 3.99% from 2024 to 2025, 3.66% from 2025 to 2026, 3.70% from 2026 to 2027, and 3.40% from 2027 to 2028. Over this period, the five-year compound annual growth rate (CAGR) is anticipated to be approximately 3.65%.
Future trends to watch for include:
- Potential impacts of economic shifts on labor costs, especially considering inflation and policy changes.
- Technological advancements that may alter productivity and affect labor demand in the sector.
- Changes in consumer preferences that could influence the production scale and labor requirements in the industry.
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