In 2023, Germany led the European plastic and rubber machinery sector with €59.45 million in wages and salaries, far outpacing other countries. Austria (€12.4 million) and Italy (€10.61 million) followed, indicating a concentrated distribution within major manufacturing hubs. France's salaries increased by 4.65%, signaling potential growth. Conversely, Italy saw a slight decline of 0.63%. Poland and the Czech Republic showed significant upward trends with increases of 4.26% and 6.33%, respectively, suggesting increasing importance in the sector. Overall, Portugal and Bulgaria experienced the highest growth rates at 12.89% and 14.04%, highlighting their emerging roles. Finland remained stagnant.
Looking ahead, future trends to watch include the strengthening of Eastern European markets like the Czech Republic and Poland, likely due to competitive labor costs and expanding capacities. The continued growth in France may indicate a shift towards higher value-added production. However, economic stability and investment levels in the broader European market will play a critical role in shaping these trends. Attention to sustainability and automation in manufacturing processes could also drive future wage dynamics.
Top countries in Plastic and Rubber Machinery Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 59.45 | 2023 | +3.06% | +2.35% | View data |
| 2 | 2 Austria | 12.4 | 2023 | +3.59% | +2.63% | View data |
| 3 | 3 Italy | 10.61 | 2023 | -0.18% | -0.63% | View data |
| 4 | 4 France | 8.76 | 2023 | +4.65% | +4.65% | View data |
| 5 | 5 Spain | 1.64 | 2023 | +1.17% | +2% | View data |
| 6 | 6 Sweden | 1.51 | 2023 | +5.31% | +4.94% | View data |
| 7 | 7 Czech Republic | 1.14 | 2023 | +7.46% | +6.33% | View data |
| 8 | 8 Poland | 0.78 | 2023 | +5.9% | +4.26% | View data |
| 9 | 9 Slovakia | 0.72 | 2023 | +8.68% | +3.26% | View data |
| 10 | 10 Denmark | 0.27 | 2023 | -1% | -4.09% | View data |
