In 2023, Germany led the European labor costs in rubber and plastics products, and other non-metallic mineral products, with 42.32 million euros. Italy and France followed with 16.6 and 14.98 million euros respectively. Labor costs increased in Germany (1.62%), Italy (0.41%), Belgium (1.53%), and Austria (1.28%). Notably, Ireland and Slovenia experienced significant growth at 2.35% and 2.13% respectively, while France and Spain saw decreases of -0.22% and -0.94%. Lithuania and Estonia stood out with 3% and 2.87% increments, indicating significant regional disparities.
Future trends to watch for include:
- The impact of automation and digital transformation on labor cost efficiency.
- Increased emphasis on sustainable materials potentially driving costs.
- Varying national policies on energy usage and green initiatives possibly altering country-specific labor costs.
Top countries in Labour Costs in Rubber and Plastics Products, and Other Non-metallic Mineral Products Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 42.32 | 2023 | +1.49% | +1.62% | View data |
| 2 | 2 Italy | 16.6 | 2023 | +0.38% | +0.41% | View data |
| 3 | 3 France | 14.98 | 2023 | +0.073% | -0.22% | View data |
| 4 | 4 Spain | 8.08 | 2023 | -0.69% | -0.94% | View data |
| 5 | 5 Belgium | 4.29 | 2023 | +1.14% | +1.53% | View data |
| 6 | 6 Austria | 4.29 | 2023 | +1.36% | +1.28% | View data |
| 7 | 7 Netherlands | 3.84 | 2023 | +1.03% | +0.91% | View data |
| 8 | 8 Finland | 1.61 | 2023 | +0.46% | +0.26% | View data |
| 9 | 9 Ireland | 1.03 | 2023 | +1.37% | +2.35% | View data |
| 10 | 10 Slovenia | 0.85 | 2023 | +2.39% | +2.13% | View data |
