In 2023, the leading countries in European textiles finishing wages and salaries were Italy, Germany, and Spain, with respective values of 349.8, 296.1, and 202.5 million euros. Italy experienced a notable decline of 4.5%, while both Spain and the United Kingdom saw growths of 3.25% and 0.73%, respectively. Portugal also increased by 1.63%. Conversely, significant decreases were observed in Sweden (-11.56%), Croatia (-12.45%), and Denmark (-9.43%). Iceland displayed the highest positive growth at 18.92%, albeit from a small base.
Looking forward, future trends to watch include automation and sustainable practices driving wage and salary adjustments. Additionally, shifts in global trade policies and the emphasis on local production could influence labor costs and wage distribution across the European textile industry.
Top countries in Textiles Finishing Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 349.8 | 2023 | -3.42% | -4.5% | View data |
| 2 | 2 Germany | 296.1 | 2023 | +4.81% | -0.36% | View data |
| 3 | 3 Spain | 202.5 | 2023 | +6.02% | +3.25% | View data |
| 4 | 4 United Kingdom | 168 | 2023 | +0.24% | +0.73% | View data |
| 5 | 5 Portugal | 128.9 | 2023 | +1.58% | +1.63% | View data |
| 6 | 6 Switzerland | 54.3 | 2023 | 0% | -1.14% | View data |
| 7 | 7 Poland | 51.8 | 2023 | +0.58% | +1.58% | View data |
| 8 | 8 France | 40.1 | 2023 | -3.84% | -3.49% | View data |
| 9 | 9 Romania | 23.1 | 2023 | +7.94% | +0.44% | View data |
| 10 | 10 Belgium | 17.9 | 2023 | +0.56% | -4.39% | View data |
