The production value of jewellery and bijouterie in France saw notable fluctuations over the past decade. Starting at €1.55 billion in 2013, it grew to €2.7 billion by 2023, marking a noteworthy recovery after some years of decline. Between 2017 and 2023, the annual growth rates stabilized, reflecting positive consumer trends and market adjustments. The year-on-year growth for 2022 and 2023 stood at 3.4% and 3.26% respectively. Over the last five years, the CAGR was 2.72%, showing moderate but consistent growth.
Future trends to watch for:
- Continuing growth, with forecasted CAGRs suggesting the market will reach €3.11 billion by 2028.
- Increased demand for sustainable and ethically sourced jewellery.
- Expansion into digital markets and e-commerce platforms driving sales.
- Technological advancements in production methods enhancing efficiency and design innovation.