In 2023, Germany led European labor costs in the coke and refined petroleum products sector, followed by Spain, Belgium, and France. Data shows Germany and Greece experienced moderate growth, with rates of 1.61% and 1.67% respectively. Belgium and Estonia saw notable increases of 2.78% and 2.89%. In contrast, France, Netherlands, and Lithuania experienced declines, with France falling by 0.75%, Netherlands by 1.49%, and Lithuania by 2.35%.
Future Trends to Watch:
- With Germany's consistent growth, it could maintain its leading position.
- Belgium's positive trajectory might continue if economic conditions remain favorable.
- Attention should be given to declining trends in France and the Netherlands and potential adjustments in these markets.
Top countries in Labour Costs in Coke and Refined Petroleum Products Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 32.33 | 2023 | +1.73% | +1.61% | View data |
| 2 | 2 Spain | 14.66 | 2023 | +1.23% | +1% | View data |
| 3 | 3 Belgium | 14.58 | 2023 | +1.7% | +2.78% | View data |
| 4 | 4 France | 14.4 | 2023 | -0.12% | -0.75% | View data |
| 5 | 5 Netherlands | 9.77 | 2023 | -1.08% | -1.49% | View data |
| 6 | 6 Greece | 5.79 | 2023 | +0.74% | +1.67% | View data |
| 7 | 7 Finland | 4.11 | 2023 | +1.32% | +1.54% | View data |
| 8 | 8 Austria | 3.19 | 2023 | +1.08% | +0.4% | View data |
| 9 | 9 Lithuania | 0.72 | 2023 | -1.7% | -2.35% | View data |
| 10 | 10 Estonia | 0.63 | 2023 | +2.91% | +2.89% | View data |
