The analysis of European labour costs in the textiles, wearing apparel, and leather products sectors for 2024 reveals notable disparities among countries. Germany leads with 5.2 billion euros, while Ireland accounts for the lowest at 0.06288 billion euros. The 2023 year-on-year variation shows Germany experiencing a marginal decrease at -0.66%, while Lithuania and Slovakia show positive growth at 1.64% and 1.51%, respectively. Over the past five years, recurring trends illustrate a diverging cost evolution pattern across both Western and Eastern Europe.
Future trends to watch include:
- The potential for automation and digitalization to impact labour costs.
- Shifts in demand for sustainable and ethical production methods, influencing labour market dynamics.
- Effect of geopolitical shifts and EU policies on labour costs in this sector.
Top countries in Labour Costs in Textiles, Wearing Apparel, Leather Products by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 5,200 | 2023 | -0.46% | -0.66% | View data |
| 2 | 2 Spain | 2,640 | 2023 | -1.64% | -2.08% | View data |
| 3 | 3 Belgium | 771.4 | 2023 | -3.09% | -3.95% | View data |
| 4 | 4 Netherlands | 682 | 2023 | +0.29% | -0.23% | View data |
| 5 | 5 Austria | 594.49 | 2023 | -1.52% | -1.72% | View data |
| 6 | 6 Slovakia | 455.47 | 2023 | +1.63% | +1.51% | View data |
| 7 | 7 Lithuania | 352.3 | 2023 | +1.76% | +1.64% | View data |
| 8 | 8 Greece | 284.65 | 2023 | -6.49% | -5.3% | View data |
| 9 | 9 Finland | 226 | 2023 | -2.16% | -2.46% | View data |
| 10 | 10 Slovenia | 159.1 | 2023 | -2.63% | -3.25% | View data |
