The historical data on jewellery exports from Luxembourg showcases significant fluctuations over the past decade. After achieving a value of €15.51 million in 2013, the market experienced some volatility, with notable declines in 2014 and 2020, and remarkable growth spurts in 2015 and 2022. As of 2023, the value stood at €15.78 million, displaying a stable outlook compared to the previous year.
Over the past two years, the year-on-year variation exhibited extreme shifts with an impressive 57.52% increase in 2022 followed by a marginal decline of 0.43% in 2023. The compound annual growth rate (CAGR) over the last five years shows an average annual increase of 4.55%, while projections until 2028 forecast a 5-year CAGR of 4.18% with an overall growth rate of 22.73%.
Future trends to watch for:
- Enhanced demand for luxury goods in emerging markets.
- Technological advancements in jewellery manufacturing driving growth.
- Fluctuations due to changes in global economic conditions and trade policies.
- Increasing consumer preference for sustainable and ethically sourced jewellery.
