The data on jewellery and bijouterie hours worked in the Netherlands indicates a decline in the sector from 2013 to 2023, with notable fluctuations. In 2023, the value stood at 0.83392 million hours, reflecting a year-on-year decline of 1.31%. Over the past two years, there's been a decline of approximately 2.61%. The Compound Annual Growth Rate (CAGR) for the last five years from 2018 to 2023 is -2.99%, indicating an average yearly decline in hours worked.
From 2024 to 2028, forecasts suggest a continuous decrease in hours worked. The forecasted 5-year CAGR is -1.06, culminating in a projected total decrease of 5.18% by 2028. This suggests that the jewellery and bijouterie sector in the Netherlands will continue to face challenges and possibly a reduction in workforce hours.
Future trends to watch for include:
- Impact of digitalization and e-commerce on reducing traditional brick-and-mortar hours.
- Shifts in consumer preferences towards sustainable and ethically produced jewellery.
- Economic factors influencing consumer spending on luxury items such as jewellery.
