In 2023, the forestry and agricultural machinery labour cost per employee FTE in the UK stood at 46.0 thousand Euros. From 2024 to 2028, there is a consistent upward trend in labour costs, with each year showing a minimal but steady increase. Year-over-year from 2024 to 2025, the increase is approximately 0.65%, maintaining a similar pace through to 2028. The five-year compound annual growth rate (CAGR) is projected to be around 0.65% as well, indicating a stable upward trajectory in labour costs.
Future trends to watch for include advancements in automation and technology that could impact labour costs, either stabilizing or further increasing them, depending on adoption rates and efficiency gains. Additionally, economic factors such as inflation, labour market changes, and policy adjustments may significantly influence future trends in labour costs.
