Based on the forecasted data, the labor cost per employee FTE in Belgium's glass fibers industry is set to increase from 109.9 thousand euros in 2024 to 118.6 thousand euros by 2028. The year-on-year percentage variations are: 2025 (2.00%), 2026 (1.96%), 2027 (1.84%), and 2028 (1.89%). The compound annual growth rate (CAGR) over the next five years is approximately 1.96%.
Future Trends to Watch: The industry's labor costs are expected to continue rising steadily due to inflationary pressures and increasing demand for skilled labor. Companies should monitor changes in wage laws and productivity enhancements to manage costs.
