The analysis of labour cost per employee FTE in the European jewellery and bijouterie sector for 2023 reveals substantial disparities. France leads with 75.8 thousand Euros, followed by Switzerland at 72.5 thousand. Austria and the Netherlands are on par with costs slightly over 60 thousand. Southern and Eastern European countries exhibit significantly lower costs, with Bosnia and Herzegovina at the bottom with 5.9 thousand Euros. While variations over the past two years have remained static, the compounded annual growth rate provides deeper insight into longer-term shifts.
Looking ahead, the European jewellery and bijouterie market could witness shifts due to automation trends and increased labor migration. Emerging technologies might optimize production, potentially modifying labor cost structures. Additionally, economic fluctuations, trade policies, and consumer preferences will likely influence cross-country cost competitiveness.
Top countries in Jewellery, Bijouterie Labour Cost Per Employee FTE by Country
| # | 10 Countries | Thousand Euros | Last Year | |
|---|---|---|---|---|
| 1 | 1 France | 75.8 | 2023 | View data |
| 2 | 2 Switzerland | 72.5 | 2023 | View data |
| 3 | 3 Austria | 60.8 | 2023 | View data |
| 4 | 4 Netherlands | 60.6 | 2023 | View data |
| 5 | 5 Finland | 57.8 | 2023 | View data |
| 6 | 6 Belgium | 55 | 2023 | View data |
| 7 | 7 Norway | 52.5 | 2023 | View data |
| 8 | 8 Denmark | 51.1 | 2023 | View data |
| 9 | 9 Germany | 44.9 | 2023 | View data |
| 10 | 10 Italy | 42.4 | 2023 | View data |
