The European man-made fibres industry displayed diverse trends in 2023. Germany and Austria's wage shares were significant, with Germany at 41.81 million euros and Austria at 29.2 million euros. Increases were noted in Germany (2.53%) and Austria (5.19%), reflecting robust growth. Conversely, the UK, Italy, and Spain showed declines, with the UK experiencing a notable decrease of 5.36%. Belgium and Hungary recorded the largest drops, indicating economic challenges. Bulgaria and Serbia saw the strongest growth, driven by Serbia's impressive 39.49% increase. These variations underscore a mixed economic landscape with differing growth trajectories across major players.
Future trends to monitor include:
- The potential for continued growth in Germany and Austria as key markets.
- The impact of economic policies and shifts on the declining trend in the UK and Belgium.
- The emerging growth potential in Eastern Europe, particularly in Bulgaria and Serbia.
- Technological advancements and sustainability initiatives influencing wage distributions.
Top countries in Man-Made Fibres Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 41.81 | 2023 | +1.53% | +2.53% | View data |
| 2 | 2 Austria | 29.2 | 2023 | +9.76% | +5.19% | View data |
| 3 | 3 Italy | 6.33 | 2023 | +1.56% | -1.6% | View data |
| 4 | 4 Spain | 6.11 | 2023 | -0.63% | -4.61% | View data |
| 5 | 5 United Kingdom | 4.55 | 2023 | -1.26% | -5.36% | View data |
| 6 | 6 Belgium | 3.72 | 2023 | -1.29% | -17% | View data |
| 7 | 7 Poland | 1.73 | 2023 | +2.87% | +2.79% | View data |
| 8 | 8 France | 1.56 | 2023 | -1.83% | +1.56% | View data |
| 9 | 9 Czech Republic | 1.42 | 2023 | +2.08% | +1.87% | View data |
| 10 | 10 Portugal | 1.25 | 2023 | +2.38% | +1.29% | View data |
