In 2023, European textiles finishing labor costs per employee FTE varied significantly across countries. Iceland led with costs at 202.6 thousand euros, while Macedonia recorded the lowest at 5.5 thousand euros. As of 2024, forecasts show a potential stabilization or minor fluctuation of these costs. The most notable trend over the last two years has been minimal variation in these labor costs across the board. The compound annual growth rate (CAGR) over the last five years has shown little change, indicating a stable cost environment in this sector.
Future trends to watch for could include the impact of technological advancements in automation and sustainable practices, which may affect labor costs. Additionally, economic and geopolitical factors in Europe could influence labor markets, potentially leading to adjustments in costs. Monitoring these elements will be crucial for understanding future shifts in the textiles finishing labor market.
Top countries in Textiles Finishing Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Iceland | 202.6 | 2023 | View data |
| 2 | 2 Switzerland | 76.4 | 2023 | View data |
| 3 | 3 Denmark | 57.2 | 2023 | View data |
| 4 | 4 Norway | 54.3 | 2023 | View data |
| 5 | 5 Austria | 53.2 | 2023 | View data |
| 6 | 6 Belgium | 50.4 | 2023 | View data |
| 7 | 7 France | 46.4 | 2023 | View data |
| 8 | 8 Italy | 44 | 2023 | View data |
| 9 | 9 Germany | 37.8 | 2023 | View data |
| 10 | 10 Sweden | 37.3 | 2023 | View data |
