In 2023, France led the European glass fibers market with wages and salaries totaling 50.98 million euros, significantly outpacing Germany, which stood at 28.06 million euros. France's year-on-year increase was robust at 54.86%, reflecting strong growth compared to Germany's modest rise of 4.01%. Belgium and Norway followed, with Belgium showing positive momentum and Norway seeing a slight decline. Eastern and Southern European countries such as Slovakia, Romania, and Portugal displayed varied trends, with Romania experiencing a notable increase, while Portugal faced a reduction. Finland and Denmark demonstrated declines, with Finland's decrease being particularly sharp at 19.48%.
Looking forward, the European glass fibers market may see changes due to environmental regulations, technological advancements, and economic shifts. Key trends to watch include potential adjustments in the competitive landscape due to automation and sustainability initiatives, potentially impacting wages and employment distribution across the region. Additionally, fluctuations in demand and production costs, influenced by geopolitical and global economic factors, may further affect wages and salaries distribution.
Top countries in Glass Fibers Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 50.98 | 2023 | +6.53% | +54.86% | View data |
| 2 | 2 Germany | 28.06 | 2023 | +3.38% | +4.01% | View data |
| 3 | 3 Belgium | 6.45 | 2023 | +2.63% | +3.34% | View data |
| 4 | 4 Norway | 2.9 | 2023 | 0% | -0.81% | View data |
| 5 | 5 Spain | 2.41 | 2023 | -0.31% | +1.98% | View data |
| 6 | 6 Italy | 1.9 | 2023 | +0.8% | -0.16% | View data |
| 7 | 7 Slovakia | 1.71 | 2023 | +1.33% | +1.66% | View data |
| 8 | 8 Finland | 1.31 | 2023 | -11.17% | -19.48% | View data |
| 9 | 9 Denmark | 0.98 | 2023 | -8.45% | -13.73% | View data |
| 10 | 10 Romania | 0.56 | 2023 | +5.63% | +5.28% | View data |
