The kitchen furniture wages and salaries in Poland have demonstrated a positive growth trend from 2013 to 2023. As of 2023, the value of these wages and salaries stands at 127.7 million Euros. The year-on-year growth for 2022 and 2023 were 7.68% and 7.13% respectively, reflecting a steady increase. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) was 7.34%, indicating a robust upward trend.
From 2024 onwards, the data forecasts continue to show an increase, with a 5-year forecasted CAGR of 4.46% and an overall growth rate of 24.39% by 2028. This suggests a tempered but sustained growth trajectory in the coming years.
Future trends to watch for:
- Further digitalization and automation impact within the furniture manufacturing sector.
- Shifts in consumer demand towards more sustainable and custom-designed kitchen furniture.
- Potential economic fluctuations impacting disposable incomes and consequently the kitchen furniture market.
- Labor market dynamics, including potential wage inflation and labor availability within Poland's manufacturing sector.
