Key Market Indicators
Portuguese jewelry exports are projected to reach €71 million by 2028, up from €59 million in 2023, marking an average annual growth rate of 3.1%. Since 2009, the country's jewelry supply has grown at an average rate of 7.1% per year. In 2023, Portugal ranked 14th in global jewelry exports, with Poland slightly ahead at €59 million. Italy, the United Kingdom, and France held the second, third, and fourth positions, respectively. In contrast, Portuguese jewelry imports are expected to decline slightly, reaching €135 million by 2028 from €136 million in 2023, reflecting a compound annual growth rate (CAGR) of -0.2%. Since 2009, however, the country's demand for imported jewelry has risen by an average of 11.9% per year. In 2023, Portugal ranked 15th in jewelry imports, with Denmark overtaking it at €136 million. The United Kingdom, France, and Italy maintained their positions as the second, third, and fourth largest importers. Portuguese jewelry sales are set to see a significant decline, falling to €18 million by 2028 from €64 million in 2023, a steep annual decrease of 20% on average. Since 2013, the Portuguese jewelry market has been shrinking at an average rate of 9.1% per year. Another report showed a different figure for Portuguese jewelry sales, predicting a drop to €88 million by 2028 from €96 million in 2023, with a CAGR of -1.3%. Since 2015, the market has been declining by 1.5% annually.
