In 2023, the refined petroleum products and coke sector in Germany witnessed wages and salaries amounting to 1.53 billion Euros. From 2024 to 2028, forecasts indicate a consistent annual increase of approximately 2.5% year-on-year. The projected compound annual growth rate (CAGR) over this period is about 2.5%, highlighting steady growth in compensation within the industry.
Future trends worth monitoring include:
- Technological advancements impacting productivity and employment needs.
- Regulatory changes affecting labor costs.
- Global energy market shifts that could influence sector financial health and wage adjustments.
