In 2023, Germany, France, and Italy led the European cereal products market in wages and salaries, significantly higher than smaller economies like Macedonia. Year-on-year variations show substantial increases in Poland (2.83%), Romania (3.12%), and Ireland (3.34%). Notable outliers include Serbia (10.12%) and Lithuania (14.84%), indicating remarkable growth spurts. Conversely, Switzerland and Iceland faced declines. This landscape suggests dynamic shifts across Europe, with central and eastern countries emerging in wage growth.
Future trends point to rising labor costs in emerging markets like Serbia and Lithuania. Western European countries may experience stable or declining shares, reflecting shifting manufacturing bases and labor market dynamics.
Top countries in Cereal Products Wages and Salaries Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 24.79 | 2023 | +1.64% | +0.19% | View data |
| 2 | 2 France | 20.38 | 2023 | +2.48% | +2.18% | View data |
| 3 | 3 Italy | 9.07 | 2023 | +1.28% | +0.6% | View data |
| 4 | 4 United Kingdom | 8.46 | 2023 | +0.047% | +0.42% | View data |
| 5 | 5 Spain | 5.5 | 2023 | +0.97% | +0.39% | View data |
| 6 | 6 Switzerland | 3.96 | 2023 | -1.63% | -0.62% | View data |
| 7 | 7 Netherlands | 3.39 | 2023 | +2.02% | +1.67% | View data |
| 8 | 8 Poland | 3.32 | 2023 | +3.16% | +2.83% | View data |
| 9 | 9 Austria | 2.78 | 2023 | +2.04% | +1.4% | View data |
| 10 | 10 Belgium | 2.34 | 2023 | +2.01% | +0.95% | View data |
