In 2023, Germany led European wages and salaries in the stone industry with €22.8 million, while countries like Macedonia and Latvia had the least shares. Germany showed modest growth of 0.55%, while Italy and Spain faced declines of 1.41% and 4.86% respectively. Strong growth was observed in Switzerland (13.49%), Romania (11.77%), and Slovenia (10.93%). Over the last five years, the compound annual growth rate (CAGR) points to a diverse landscape with countries like Lithuania and Hungary emerging as growth leaders, indicating varying investment potential across Europe.
Looking ahead, trends to watch include technological advancements driving efficiency, potential labor cost increases in Western Europe, and expanding markets in Eastern Europe due to infrastructure development and renovation projects. This varying landscape will shape investment strategies in the stone processing industry across Europe.
Top countries in Cutting, Shaping and Finishing of Stone Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 22.8 | 2023 | +6.11% | +0.55% | View data |
| 2 | 2 Italy | 15.09 | 2023 | +1.72% | -1.41% | View data |
| 3 | 3 Spain | 14.22 | 2023 | -6.25% | -4.86% | View data |
| 4 | 4 United Kingdom | 8.33 | 2023 | +1.46% | +0.99% | View data |
| 5 | 5 France | 6.69 | 2023 | +0.53% | +0.31% | View data |
| 6 | 6 Switzerland | 6.63 | 2023 | +7.18% | +13.49% | View data |
| 7 | 7 Portugal | 4.41 | 2023 | +1.22% | +2.69% | View data |
| 8 | 8 Austria | 3.26 | 2023 | +0.76% | +1.03% | View data |
| 9 | 9 Greece | 2.39 | 2023 | +3.04% | +1.67% | View data |
| 10 | 10 Poland | 2.37 | 2023 | +2.75% | +5.83% | View data |
