In 2023, Germany led the European soft drinks sector in wages and salaries with a significant share, followed by France and the United Kingdom. Germany saw a 4.02% increase in wages and salaries, while France experienced a lesser rise of 1.34%. Notably, Romania and Austria recorded substantial growths of 8.02% and 6.47%, respectively. Conversely, Iceland and Slovakia faced notable declines, with Iceland at -5.56% and Slovakia at -1.98%. Overall, despite variations among countries, there was a general modest positive trend across the region.
Future trends to watch:
- Continued robust growth in countries like Romania and Austria, driven by industry expansion and investments.
- Potential recovery in countries with negative trends, such as Spain and Greece, if market conditions improve.
- Impact of macroeconomic conditions, labor market changes, and technological advancements on wages.
- Investment in sustainability and digitalization possibly affecting wage structures and employment rates.
Top countries in Soft Drinks Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 31.54 | 2023 | +3.88% | +4.02% | View data |
| 2 | 2 France | 12.12 | 2023 | +0.6% | +1.34% | View data |
| 3 | 3 United Kingdom | 10.4 | 2023 | +0.44% | +0.24% | View data |
| 4 | 4 Spain | 7.88 | 2023 | -0.2% | -1.37% | View data |
| 5 | 5 Italy | 7.17 | 2023 | +0.074% | +0.015% | View data |
| 6 | 6 Austria | 5.86 | 2023 | +4.51% | +6.47% | View data |
| 7 | 7 Belgium | 5.61 | 2023 | +3.13% | +4.14% | View data |
| 8 | 8 Romania | 3.88 | 2023 | +5.8% | +8.02% | View data |
| 9 | 9 Poland | 2.52 | 2023 | +2.36% | -0.84% | View data |
| 10 | 10 Netherlands | 1.92 | 2023 | +0.092% | +1.65% | View data |
