The 2023 data reveals Germany as the leader in Europe for iron casting wages with 59.38 million euros, followed by Italy at 7.06 million euros and Poland at 4.76 million euros. Year-on-year trends indicate Germany's marginal rise (1.04%) and notable increases for Poland (1.45%) and Belgium (3.41%). Negative variations are observed for Spain (-3.88%) and the United Kingdom (-2.67%). Over a longer period, compound annual growth rates (CAGR) might show diverse trajectories aligning with broader economic conditions and industry shifts.
Future trends to watch include digital innovation impacting productivity and costs, potentially altering wage distributions. The growth in automation and sustainability demands could reshape this sector further.
Top countries in Iron Casting Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 59.38 | 2023 | +7.21% | +1.04% | View data |
| 2 | 2 Italy | 7.06 | 2023 | +3.44% | -1.04% | View data |
| 3 | 3 Poland | 4.76 | 2023 | +8.59% | +1.45% | View data |
| 4 | 4 Spain | 4.73 | 2023 | -3.39% | -3.88% | View data |
| 5 | 5 France | 4.69 | 2023 | -3.69% | +0.66% | View data |
| 6 | 6 United Kingdom | 3.6 | 2023 | -2.53% | -2.67% | View data |
| 7 | 7 Czech Republic | 2.72 | 2023 | +1.16% | +0.58% | View data |
| 8 | 8 Austria | 2.33 | 2023 | +0.45% | -0.29% | View data |
| 9 | 9 Belgium | 2.28 | 2023 | +3.13% | +3.41% | View data |
| 10 | 10 Denmark | 2.15 | 2023 | +2.8% | +1.44% | View data |
