In 2024, Belgium leads the European carpet and rug industry in wages and salaries, with 201.4 million Euros, showing a slight growth of 1.0% year-on-year from 2023. The United Kingdom follows at 161.1 million Euros, yet its wages and salaries have seen a minor decline of 0.49% compared to the previous year. Germany, with 122.5 million Euros, also experienced a decrease of 1.63%. Denmark and Italy showed similar downward trends, at -1.47% and -1.54% respectively. In contrast, the Czech Republic stands out with the highest growth rate of 10.25%, indicating a burgeoning sector. Hungary also showed significant growth, with an increase of 23.73%, while France faced a notable decline of 21.09%. Portugal and Austria exhibited positive growth rates of 1.24% and 6.89% respectively, indicating strengthening markets. Other countries such as Sweden, Estonia, Lithuania, and Finland showed positive trends with moderate increases.
Future trends to watch in the European carpets and rugs market include the continued growth in emerging markets such as the Czech Republic and Hungary. The effects of evolving labor costs across these regions and the impact of economic policies will be crucial in understanding shifts in wages and salaries. Monitoring technological advancements and demands for sustainable products will also be significant in forecasting industry dynamics.
Top countries in Carpets and Rugs Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 201.4 | 2023 | +6.73% | +1% | View data |
| 2 | 2 United Kingdom | 161.1 | 2023 | -0.98% | -0.49% | View data |
| 3 | 3 Germany | 122.5 | 2023 | +3.55% | -1.63% | View data |
| 4 | 4 Denmark | 39 | 2023 | +0.78% | -1.47% | View data |
| 5 | 5 Spain | 25.9 | 2023 | +0.39% | +0.23% | View data |
| 6 | 6 Italy | 23.6 | 2023 | +4.89% | -1.54% | View data |
| 7 | 7 Portugal | 18.4 | 2023 | +0.55% | +1.24% | View data |
| 8 | 8 Austria | 12.7 | 2023 | +4.1% | +6.89% | View data |
| 9 | 9 Sweden | 11.4 | 2023 | 0% | +0.72% | View data |
| 10 | 10 Czech Republic | 9.9 | 2023 | +13.79% | +10.25% | View data |
