In 2023, Germany led European furniture manufacturing with wages and salaries totaling 4.91 billion Euros, followed by Italy at 3.12 billion and Poland at 2.13 billion. Over the past two years, Poland saw a rapid 3.75% growth, while UK and France experienced declines. Lithuania's wages surged by 18.25%, indicating a burgeoning market.
Looking ahead, key trends to watch include potential expansion in Eastern European countries like Lithuania and Romania, driven by competitive costs. Conversely, Western Europe may face stagnation or slow growth due to economic pressures. Wage inflation and potential labor shortages could impact future industry dynamics.
Top countries in Furniture Manufacturing Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 4,910 | 2023 | +1.43% | +1.62% | View data |
| 2 | 2 Italy | 3,120 | 2023 | +3.83% | +1.39% | View data |
| 3 | 3 Poland | 2,130 | 2023 | +3.82% | +3.75% | View data |
| 4 | 4 United Kingdom | 2,050 | 2023 | -0.69% | -0.49% | View data |
| 5 | 5 France | 1,340 | 2023 | +2% | -0.9% | View data |
| 6 | 6 Spain | 1,040 | 2023 | -1.83% | -1.81% | View data |
| 7 | 7 Austria | 799.1 | 2023 | +0.48% | +0.04% | View data |
| 8 | 8 Netherlands | 688 | 2023 | -0.029% | +0.4% | View data |
| 9 | 9 Lithuania | 645.1 | 2023 | +11.53% | +18.25% | View data |
| 10 | 10 Switzerland | 593.9 | 2023 | -0.8% | -0.01% | View data |
