In 2023, the labour cost per employee FTE in Italy's meat processing industry was approximately 52.0 thousand Euros. According to forecasts, the labour cost is expected to rise steadily, reaching 56.0 thousand Euros by 2028. The year-on-year increase is consistent at around 1.5% per year. Over the forecast period from 2024 to 2028, the industry shows a compound annual growth rate (CAGR) of approximately 1.5%, indicating a stable upward trend.
Future trends to watch for include:
- Potential impacts of labor market regulations and minimum wage adjustments in Italy.
- Technological advancements enhancing productivity offset by higher labor costs.
- Global market dynamics affecting Italy's meat processing industry competitiveness.