The labour cost per employee FTE in the quarrying sector for ornamental stone, building stone, limestone, gypsum, chalk, and slate in Germany is predicted to rise from €61.3K in 2024 to €66.5K in 2028. This forecasted increase reflects a consistent upward trend with a compound annual growth rate (CAGR) of approximately 2.0%. Year-on-year, this represents an average growth of around 2.1% between each consecutive year from 2024 to 2028. In 2023, the actual data at hand does not provide the base value, hence historical comparisons are not available.
Future trends to watch for include:
- Emerging technologies and automation potentially impacting the labour workforce requirements and costs.
- Fluctuations in the construction and building industries influencing market dynamics.
- Regulatory changes, especially those related to environmental and employment standards.