The forecast for wages and salaries in the sawmilling and planing of wood sector in Switzerland indicates a steady increase from 2024 to 2028, starting at 282.8 million Euros in 2024 and rising to 293.8 million Euros in 2028. Based on this data, the year-on-year variation is as follows:
- 2024-2025: 1.17% increase
- 2025-2026: 0.98% increase
- 2026-2027: 0.90% increase
- 2027-2028: 0.79% increase
The cumulative average growth rate (CAGR) over the last five years is around 0.96%. In 2023, the wages and salaries stood at a lower value as compared to the 2024 forecast, reflecting consistent growth in the sector.
Looking forward, significant trends to watch for include potential impacts of technological advancements on workforce requirements, policy changes affecting labor costs, and global market dynamics influencing demand and supply in the wood industry. Monitoring these factors will be crucial for accurate future forecasts and strategic planning.