The labor cost per employee (FTE) in the veneer sheets and wood-based panels industry in France is projected to increase consistently from 57.3 thousand Euros in 2024 to 60.6 thousand Euros in 2028. This indicates a steady year-on-year growth, with the percentage increase averaging around 1.6% annually over these years. In 2023, the baseline stood at approximately 56.5 thousand Euros, reflecting a modest upward trend driven by inflationary pressures and potential shifts in labor market dynamics.
Future trends to watch include the impact of technological advancements on labor productivity, potential policy changes affecting labor costs, and global supply chain disruptions that may influence raw material availability and cost structures. Monitoring these factors will be crucial for anticipating further changes in labor expenses for the industry.
