The European Preparation and Spinning of Textile Fibers sector experienced varied wage and salary changes across countries in 2023. Italy leads with €370.6 million, seeing a minor decrease of 1.14%, while Germany (€100.7 million) and Spain (€102.0 million) had slight declines of 0.22% and 0.52%, respectively. France (€80.4 million) and the UK (€49.6 million) also decreased, by nearly 1%. Notably, Romania and Bulgaria saw increases of 1.91% and 3.78%. Significant changes include Lithuania's growth at 12.01% and Austria's sharp decline of 13.2%.
Future trends to watch in this sector include:
- The impact of technological advancements on efficiency and labor requirements.
- The strategies for climate adaptation and sustainable practices affecting employment costs and market dynamics.
- The influence of prolonged economic recovery post-COVID on labor markets and salary structures.
- Potential regulatory changes within the EU impacting cross-border wage standards and alignment measures.
Top countries in Preparation and Spinning of Textile Fibres Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 370.6 | 2023 | +3.72% | -1.14% | View data |
| 2 | 2 Spain | 102 | 2023 | +1.8% | -0.52% | View data |
| 3 | 3 Germany | 100.7 | 2023 | +4.57% | -0.22% | View data |
| 4 | 4 France | 80.4 | 2023 | -0.25% | -0.97% | View data |
| 5 | 5 United Kingdom | 49.6 | 2023 | -2.36% | -1.09% | View data |
| 6 | 6 Romania | 44.3 | 2023 | +6.49% | +1.91% | View data |
| 7 | 7 Bulgaria | 32.5 | 2023 | +2.85% | +3.78% | View data |
| 8 | 8 Portugal | 27.7 | 2023 | -0.72% | -2.04% | View data |
| 9 | 9 Poland | 27.3 | 2023 | +0.74% | -0.36% | View data |
| 10 | 10 Czech Republic | 24.5 | 2023 | +4.7% | +0.84% | View data |
