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.