Germany leads the European office and shop furniture wages and salaries share with €26.55 million, followed by Italy at €12.57 million, indicating strong labor costs in these markets. Over the past year, Poland (+7.12%), Lithuania (+18.52%), Romania (+6.81%), and Portugal (+9.34%) saw significant increases, reflecting shifting wage dynamics possibly due to labor market changes or increased production demand. Conversely, the United Kingdom, Netherlands, Austria, Belgium, Finland, Croatia, Bulgaria, Cyprus, Iceland, and Norway experienced declines, signifying potential economic or sectoral challenges. The average CAGR over the past five years reveals structural changes within these countries' industries.
Future trends to watch include wage growth in Eastern European countries like Poland, Lithuania, and Hungary, which suggest a possible production shift away from Western Europe. Additionally, the declining trends in historically strong markets such as the United Kingdom and Netherlands warrant close monitoring to understand their underlying causes and the potential impact on the European office and shop furniture industry.
Top countries in Office Furniture and Shop Furniture Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 26.55 | 2023 | +1.24% | +0.95% | View data |
| 2 | 2 Italy | 12.57 | 2023 | +4.67% | +2.75% | View data |
| 3 | 3 France | 10.17 | 2023 | +3.11% | +0.083% | View data |
| 4 | 4 United Kingdom | 9.19 | 2023 | -0.86% | -0.84% | View data |
| 5 | 5 Poland | 7.84 | 2023 | +7.11% | +7.12% | View data |
| 6 | 6 Netherlands | 7.26 | 2023 | +0.61% | -0.98% | View data |
| 7 | 7 Spain | 5.46 | 2023 | +4.87% | +2.59% | View data |
| 8 | 8 Sweden | 3.94 | 2023 | +0.15% | +0.048% | View data |
| 9 | 9 Austria | 2.51 | 2023 | -0.15% | -1.19% | View data |
| 10 | 10 Lithuania | 1.86 | 2023 | +11.2% | +18.52% | View data |
