The value of jewellery imports to Italy stood at €1.84 billion in 2023. The forecasted data for the period 2024-2028 indicates a steady increase in import values. Specifically, the values are projected to rise from €1.9027 billion in 2024 to €2.1665 billion by 2028. The year-on-year variations show moderate but consistent growth, with increases of approximately 3.5% per annum. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximated at 3.4%.
Future trends to watch for:
- Economic conditions in both Italy and key exporting countries
- Changes in consumer preferences towards luxury goods
- Impact of global trade policies and tariffs on import costs
- Technological advancements in the jewellery manufacturing sector
- Sustainability and ethical sourcing trends in the global jewellery market