The analysis of European Labour Costs in Fabricated Metal Products reveals Germany as the dominant player, contributing significantly with an expenditure of 49.56 million euros in 2023. Italy stands as the second-largest contributor with 22.27 million euros. Notable year-on-year variations include Slovakia's increase of 3.68% and Estonia's rise of 3.48%. In contrast, Greece experienced a decline of 0.97%. Over a five-year span, Italy and Germany have seen consistent growth marked by their stable CAGR values.
Future trends indicate potential shifts with emerging markets such as Slovakia and Estonia showing rapid growth rates. Additionally, efforts in automation and digitalization could influence labor costs in this sector, potentially altering country shares in the coming years.
Top countries in Labour Costs in Fabricated Metal Products Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 49.56 | 2023 | +1.56% | +1.46% | View data |
| 2 | 2 Italy | 22.27 | 2023 | +1.5% | +1.49% | View data |
| 3 | 3 Spain | 9.06 | 2023 | +0.65% | +0.25% | View data |
| 4 | 4 Netherlands | 5.14 | 2023 | +1.17% | +1.07% | View data |
| 5 | 5 Austria | 4.88 | 2023 | +2.01% | +1.91% | View data |
| 6 | 6 Belgium | 2.84 | 2023 | -0.095% | +0.18% | View data |
| 7 | 7 Finland | 2.17 | 2023 | +1.21% | +1.08% | View data |
| 8 | 8 Slovakia | 1.37 | 2023 | +3.52% | +3.68% | View data |
| 9 | 9 Slovenia | 1.05 | 2023 | +2.55% | +2.46% | View data |
| 10 | 10 Ireland | 0.71 | 2023 | +2.12% | +2.44% | View data |
