In 2023, Germany led the European tobacco product wages and salaries sector with 1.12 billion Euros, growing by 7.6% year-on-year. Poland followed with 0.2778 billion Euros and a 4.36% rise. Italy showed notable growth at 13.41%, reaching 0.1801 billion Euros. Greece modestly increased by 3.51%, while the Netherlands and Belgium saw declines of 5.64% and 0.42% respectively. Serbia and Hungary experienced slight upticks at 4.58% and 2.55%. Portugal remained almost stable with a slight decrease. Macedonia, Bulgaria, and Bosnia faced significant contractions.
Future trends to watch:
- Regulatory changes across Europe affecting labor costs.
- Automation's rising influence on manufacturing and wages.
- Health policy's impact shaping industry’s workforce demand.
Top countries in Tobacco Products Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,120 | 2023 | +12.9% | +7.6% | View data |
| 2 | 2 Poland | 277.8 | 2023 | +3.16% | +4.36% | View data |
| 3 | 3 Italy | 180.1 | 2023 | +5.26% | +13.41% | View data |
| 4 | 4 Greece | 97.9 | 2023 | +2.19% | +3.51% | View data |
| 5 | 5 Netherlands | 46 | 2023 | -13.53% | -5.64% | View data |
| 6 | 6 Belgium | 42.5 | 2023 | -0.47% | -0.42% | View data |
| 7 | 7 Serbia | 34.2 | 2023 | +4.59% | +4.58% | View data |
| 8 | 8 Hungary | 28.7 | 2023 | +3.24% | +2.55% | View data |
| 9 | 9 Portugal | 20.5 | 2023 | 0% | -0.29% | View data |
| 10 | 10 Macedonia | 10.9 | 2023 | +2.83% | -3.76% | View data |
