In 2023, the sawmilling and planing of wood labor cost per employee FTE was €26.0k. From 2024 to 2028, a decline is forecasted in labor costs from €25.6k to €24.3k. This represents a steady year-on-year decrease of 1.56% in 2024, 1.19% in 2025, 1.20% in 2026, and 1.22% in 2027. The five-year compound annual growth rate (CAGR) is -1.35%, indicating a consistent downward trend.
Future trends to watch for:
- Continued impacts of automation and technology reducing labor needs.
- Potential fluctuation due to economic conditions affecting demand and cost structures.
- Policy changes and environmental regulations possibly driving cost dynamics.
