In 2023, Italy dominated the European textile fiber wage landscape with the highest share at €37.59 million, despite experiencing a 1.14% decline. Spain and Germany followed, both displaying minor downturns of 0.52% and 0.22%, respectively. In contrast, Romania, Bulgaria, and Lithuania showcased robust growth, with Lithuania at an impressive 12.01%. Switzerland saw the largest decrease at 9.39%. Over the past five years, these variations encapsulate the diverse economic environments within this sector across Europe.
Future trends to watch include:
- The continued impact of automation and technology on wages and efficiency.
- The influence of environmental regulations on operational costs and workforce demand.
- Potential market shifts due to geopolitical changes and trade agreements.
- Sustainable practices and their role in shaping competitive advantages and market positioning.
Top countries in Preparation and Spinning of Textile Fibres Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 37.59 | 2023 | +3.72% | -1.14% | View data |
| 2 | 2 Spain | 10.35 | 2023 | +1.8% | -0.52% | View data |
| 3 | 3 Germany | 10.21 | 2023 | +4.57% | -0.22% | View data |
| 4 | 4 France | 8.16 | 2023 | -0.25% | -0.97% | View data |
| 5 | 5 United Kingdom | 5.03 | 2023 | -2.36% | -1.09% | View data |
| 6 | 6 Romania | 4.49 | 2023 | +6.49% | +1.91% | View data |
| 7 | 7 Bulgaria | 3.3 | 2023 | +2.85% | +3.78% | View data |
| 8 | 8 Portugal | 2.81 | 2023 | -0.72% | -2.04% | View data |
| 9 | 9 Poland | 2.77 | 2023 | +0.74% | -0.36% | View data |
| 10 | 10 Czech Republic | 2.49 | 2023 | +4.7% | +0.84% | View data |
