The European cutlery sector shows significant disparity in labour costs per employee FTE, with Belgium leading at €74.7K, reflecting high labor costs. Denmark and Germany follow with €66.3K and €57.3K, respectively. Meanwhile, Eastern European countries like Bulgaria (€4.0K) and Croatia (€8.7K) reveal considerably lower figures, indicating a cost-competitive advantage. Over the last two years, these trends have remained relatively stable with minimal intracontinental shifts observed. The recent five-year compound annual growth rate underscores steady cost patterns without drastic changes.
Future trends to monitor include the impacts of automation and digital transformation on labor costs, especially in higher-cost countries. There’s potential for cost-efficient production growth in Eastern Europe, benefiting from lower labor expenses. Economic policies and labor market reforms across Europe will also play crucial roles in influencing these labor costs moving forward.
Top countries in Cutlery Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 Belgium | 74.7 | 2023 | View data |
| 2 | 2 Denmark | 66.3 | 2023 | View data |
| 3 | 3 Germany | 57.3 | 2023 | View data |
| 4 | 4 France | 53.6 | 2023 | View data |
| 5 | 5 Sweden | 53.2 | 2023 | View data |
| 6 | 6 Norway | 51.7 | 2023 | View data |
| 7 | 7 Austria | 45.6 | 2023 | View data |
| 8 | 8 Finland | 44.5 | 2023 | View data |
| 9 | 9 Italy | 41.3 | 2023 | View data |
| 10 | 10 Greece | 38.9 | 2023 | View data |
