Forecast: Peat Extraction Labour Cost Per Employee FTE in Germany

In 2023, the labour cost per employee FTE in the peat extraction industry in Germany stood below the forecast for 2024 at 59.7 thousand euros. This indicates a predicted climb in costs with values rising steadily to 68.2 thousand euros by 2028. Year-on-year, there is a consistent increase in labour costs: 3.7% from 2024 to 2025, 3.4% from 2025 to 2026, 3.3% from 2026 to 2027, and finally 3.2% from 2027 to 2028. The compound annual growth rate (CAGR) over this five-year period averages around 3.4%.

Future trends to watch for include:

  • Potential impacts of automation which might stabilize or alter cost trajectories.
  • Changes in government policies or environmental regulations affecting the peat industry.
  • Evolving market demands and shifts towards sustainable alternatives to peat.
  • Inflation and economic factors influencing overall wage trends in Germany.

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