In 2023, wages and salaries in the Coke and Refined Petroleum Products sector in Italy stood at [data not provided]. Forecasts from 2024 suggest a consistent annual decline in wage figures, beginning at 746.93 Million Euros and steadily decreasing to 725.83 Million Euros by 2028. This trend indicates a slight reduction across the forecast period, with yearly depreciation ranging from 0.74% to 0.82%. The Compound Annual Growth Rate (CAGR) over the next five years is negative, reflecting a gradual decrease in financial outlay towards employee compensation in this sector.
Future trends to watch for include:
- Potential impacts of technological advancements and automation on labor needs.
- Global commodity price fluctuations influencing sector profitability and wage structures.
- Sustainability trends and regulatory changes that may alter operational costs and workforce requirements.