The labor cost per employee FTE in the tanning and dressing of leather sector, including dressing and dyeing of fur in Italy, is forecasted to increase steadily from 2024 through 2028. With a cost of 53.6 thousand euros anticipated in 2024, the figure is expected to climb to 55.9 thousand euros by 2028. Compared to the 2023 actual data, this marks a consistent upward trend in labor costs. The year-on-year growth averages about 1.1%, while over the five-year period, the CAGR reflects a steady annual increase, indicative of rising labor expenses in the sector.
Future trends to watch include:
- Impact of automation and technology on labor efficiency and cost.
- Influence of sustainability practices on operational expenses.
- Potential regulatory changes affecting wage dynamics.
