In 2023, Germany led European labor costs in the textiles, wearing apparel, and leather products sector with a share of €44.6 million, showing a slight decrease of 0.66% from the previous year. Spain, with €22.64 million, saw a decline of 2.08%, while Belgium's €6.62 million share fell by 3.95%. Slovakia, Lithuania, and Estonia recorded the highest year-on-year growths of 1.51%, 1.64%, and 1.53%, respectively. Overall, the sector faced modest declines across major markets, with only a few countries experiencing growth.
Future trends to watch include:
- Technological advancements potentially lowering labor costs.
- Shifts in production locations influenced by geopolitical conditions.
- Increasing emphasis on sustainable practices impacting cost structures.
- Potential labor shortages driving costs up in certain regions.
Top countries in Labour Costs in Textiles, Wearing Apparel, Leather Products Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 44.6 | 2023 | -0.46% | -0.66% | View data |
| 2 | 2 Spain | 22.64 | 2023 | -1.64% | -2.08% | View data |
| 3 | 3 Belgium | 6.62 | 2023 | -3.09% | -3.95% | View data |
| 4 | 4 Netherlands | 5.85 | 2023 | +0.29% | -0.23% | View data |
| 5 | 5 Austria | 5.1 | 2023 | -1.52% | -1.72% | View data |
| 6 | 6 Slovakia | 3.91 | 2023 | +1.63% | +1.51% | View data |
| 7 | 7 Lithuania | 3.02 | 2023 | +1.76% | +1.64% | View data |
| 8 | 8 Greece | 2.44 | 2023 | -6.49% | -5.3% | View data |
| 9 | 9 Finland | 1.94 | 2023 | -2.16% | -2.46% | View data |
| 10 | 10 Slovenia | 1.37 | 2023 | -2.63% | -3.25% | View data |
