The wages and salaries in the Jewellery and Bijouterie sector in Belgium fluctuated over the years. In 2023, the value stood at 21.4 million Euros. From 2013 to 2023, there were notable peaks and troughs, such as the significant increase of 24.52% in 2017, contrasted by various declines, notably in 2020 with an 11.32% drop. The last two years saw a year-on-year growth of 1.42% in 2023 following a 2.43% rise in 2022. Over the last 5 years, the compound annual growth rate (CAGR) averaged at -0.37%.
Future trends to watch for include the forecasted decline in wages and salaries over the next five years, with the forecasted 5-year CAGR at -0.87%. The industry is expected to shrink by -4.27% over this period, indicating potential challenges and a need for strategic adjustments within the sector.
