The European dyes and pigments industry shows varied wage and salary levels by country in 2024. Germany leads significantly with 486.6 million Euros despite a decrease of 3.68% in 2023. The UK follows, though it also registered a slight downturn of 1.44%. Spain and Italy exhibit positive trends, with increases at 1.9% and 0.6%, respectively. France shows robust growth at 7.57%, partially offsetting declines in Belgium and Finland. Eastern European countries like Serbia, although smaller in scale, demonstrate remarkable growth with Serbia experiencing a 25.99% rise. Overall, the average compound annual growth rate over the past five years provides insight into long-term trends.
- Germany: Dominates in terms of value, despite recent declines.
- United Kingdom: Second overall, yet experiencing slight regression.
- Spain and Italy: Experiencing moderate but positive trends.
- France: Notable growth, highest year-on-year positive change among major players.
- Serbia: High percentage growth, indicating potential developments in wages and salaries.
Looking ahead, the European dyes and pigments sector may witness increasing labor costs driven by inflationary pressures and skill shortages, potentially affecting profitability. Germany and France's dynamics will likely shape the region's market, whereas Serbia and other Eastern countries might experience continued rapid growth, suggesting regional shifts in industry focus.
Top countries in Dyes and Pigments Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 486.6 | 2023 | -0.49% | -3.68% | View data |
| 2 | 2 United Kingdom | 144.7 | 2023 | -1.09% | -1.44% | View data |
| 3 | 3 Spain | 102.6 | 2023 | +0.88% | +1.9% | View data |
| 4 | 4 Italy | 99.2 | 2023 | +3.44% | +0.6% | View data |
| 5 | 5 France | 75.6 | 2023 | -3.2% | +7.57% | View data |
| 6 | 6 Belgium | 58.9 | 2023 | +0.34% | -0.89% | View data |
| 7 | 7 Finland | 22.9 | 2023 | +5.05% | -7.71% | View data |
| 8 | 8 Romania | 3.5 | 2023 | +2.94% | 0% | View data |
| 9 | 9 Portugal | 2.2 | 2023 | 0% | 0% | View data |
| 10 | 10 Slovakia | 2 | 2023 | 0% | -0.97% | View data |
