The Italian jewellery and related articles sector demonstrated modest growth from 2013 to 2023, with some fluctuations. The sector’s value rose from 4.91 billion euros in 2013 to 6.76 billion euros by 2023. Notable declines occurred in 2020 due to the pandemic, but the sector rebounded, achieving a year-on-year growth of 16.33% in 2021 and an 8.37% increase in 2023. The compound annual growth rate (CAGR) over the last five years stood at 2.82%, reflecting steady recovery.
Future trends to watch for:
- Continued growth with a forecasted CAGR of 2.19% from 2024 to 2028.
- Emerging technologies in jewellery manufacturing.
- Increased consumer preference for sustainable and ethically sourced materials.
- Potential impacts of economic shifts and consumer spending patterns.
