In 2023, Germany led European countries in cocoa, chocolate, and sugar confectionery wages and salaries with €1.84 billion, showing a 6.2% year-on-year increase, significantly higher than its peers. Italy and the UK followed, reflecting modest growth rates of 1.03% and 1.72% respectively. France, Belgium, and the Netherlands also recorded steady increments, while Poland, Serbia, and Lithuania demonstrated the most significant year-on-year gains, underlining a robust development trend. Conversely, Spain and Norway experienced declines.
Future trends to watch in the sector include:
- Potential wage adjustments in Germany to sustain leadership amid increasing competition.
- Continued growth in Eastern European countries driven by economic developments and market expansion.
- The impact of economic and regulatory shifts on wage structures in major markets like Italy and the UK.
- Monitoring how fluctuations in raw material costs affect wage strategies across Europe.
Top countries in Cocoa, Chocolate and Sugar Confectionery Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 1,840 | 2023 | +4.88% | +6.2% | View data |
| 2 | 2 Italy | 780.3 | 2023 | +1.52% | +1.03% | View data |
| 3 | 3 United Kingdom | 744.7 | 2023 | +0.17% | +1.72% | View data |
| 4 | 4 France | 562.5 | 2023 | +0.34% | +2.66% | View data |
| 5 | 5 Belgium | 463.1 | 2023 | +1.98% | +2.5% | View data |
| 6 | 6 Netherlands | 400.5 | 2023 | +2.25% | +2.61% | View data |
| 7 | 7 Poland | 387.1 | 2023 | +3.67% | +9.83% | View data |
| 8 | 8 Spain | 321.1 | 2023 | -2.93% | -1.74% | View data |
| 9 | 9 Austria | 108.9 | 2023 | +3.13% | +5.89% | View data |
| 10 | 10 Denmark | 106.4 | 2023 | +0.094% | -0.13% | View data |
