The 2023 wage and salary data for the European Plastic Plates, Sheets, Tubes, and Profiles sectors showed notable disparities. Germany led with substantial expenditure, followed by the UK, France, and Italy. Despite Germany's solid growth of 0.78%, countries like Belgium and Serbia exhibited the most significant wage increases of 10.54% and 10.9% respectively. Lithuania presented a remarkable 21.96% variation, while Greece and Cyprus noted decreases by -2.05% and -2.52% respectively. Over the past five years, the CAGR indicated divergent growth rates, highlighting faster growth in Eastern Europe compared to Western European counterparts.
Future trends to watch include potential wage growth acceleration in emerging Eastern European countries, driven by industry investment and workforce upskilling. Western Europe's reformative shifts focusing on automation may stabilize wage expenditures. Additionally, the sustainability push could intensify the demand for skilled labor, potentially influencing salary structures across the continent.
Top countries in Plastic Plates, Sheets, Tubes and Profiles Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,750 | 2023 | +2.33% | +0.78% | View data |
| 2 | 2 United Kingdom | 802.1 | 2023 | -0.91% | -0.98% | View data |
| 3 | 3 France | 779 | 2023 | +1.49% | -0.0026% | View data |
| 4 | 4 Italy | 761.5 | 2023 | +0.89% | +0.42% | View data |
| 5 | 5 Spain | 497.1 | 2023 | +0.59% | +1.41% | View data |
| 6 | 6 Belgium | 494.8 | 2023 | +7.66% | +10.54% | View data |
| 7 | 7 Austria | 404.4 | 2023 | +2.46% | +1.03% | View data |
| 8 | 8 Netherlands | 402.4 | 2023 | +1.03% | +0.44% | View data |
| 9 | 9 Poland | 368.7 | 2023 | +6.25% | +6.49% | View data |
| 10 | 10 Denmark | 261.1 | 2023 | +0.73% | +2.03% | View data |
