In 2023, European labour costs per employee FTE in the Plastic and Rubber Machinery sector varied significantly, with France leading at 89.6 thousand euros, followed by Denmark and Austria. Countries like Germany and Sweden were mid-range, while Eastern European countries like Bulgaria and Romania had the lowest costs, highlighting regional economic disparities. The trend over the past two years shows minimal variation, indicating relative stability across markets. The five-year compound annual growth rate (CAGR) also highlights moderate annual changes in labour costs.
Future trends to watch include technological advancements and automation that could mitigate rising labour costs. Additionally, shifts in regulations and economic conditions across Europe could further impact labour cost dynamics in the sector.
Top countries in Plastic and Rubber Machinery Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 France | 89.6 | 2023 | View data |
| 2 | 2 Denmark | 79.9 | 2023 | View data |
| 3 | 3 Austria | 78.3 | 2023 | View data |
| 4 | 4 Sweden | 75 | 2023 | View data |
| 5 | 5 Germany | 72 | 2023 | View data |
| 6 | 6 Belgium | 68.7 | 2023 | View data |
| 7 | 7 Finland | 66 | 2023 | View data |
| 8 | 8 Italy | 58.4 | 2023 | View data |
| 9 | 9 Spain | 41.7 | 2023 | View data |
| 10 | 10 United Kingdom | 30.6 | 2023 | View data |
