In the Sawmilling and Planing of Wood industry in Germany, wages and salaries have shown a general uptrend from 2013 to 2023. From 2013, when the value stood at 629 million euros, it has steadily increased, reaching 1120 million euros in 2023. Year-on-year variations have been decently positive in recent years, peaking at a 15.55% increase in 2018 and a solid 7.34% in 2022. The average compound annual growth rate (CAGR) over the past five years before 2024 is 7.61%, highlighting a robust upward trend.
Future trends indicate a continued rise in wages and salaries, growing to 1470 million euros by 2028. The forecasted five-year CAGR from 2024-2028 is 4.32%, suggesting a slower yet consistent growth compared to historical data. Future trends to watch for include potential impacts of economic policies, technological advancements, and global market dynamics on industry wages.
