As of 2023, the labour cost per employee FTE in the UK dairy and cheese processing sector stood at 49.8 thousand euros. From 2024 to 2028, forecasts show a steady increase, with an annual year-on-year growth ranging from 1.2% to 1.3%. Over the five-year span, the compound annual growth rate (CAGR) is approximately 1.3%, reflecting a stable upward trend in labour costs.
Future trends to watch for include:
- Potential impacts of automation and technology adoption on labour costs.
- Changes in labour regulations or wage policies within the UK and EU.
- Inflationary pressures and supply chain dynamics affecting raw materials and overheads.
- Brexit implications on the labour and trade dynamics in the sector.