In 2023, Italy led European jewellery wages and salaries with €499 million, closely followed by Germany at €427.8 million. The United Kingdom and Spain showcased moderate figures with values of €119.7 million and €89.9 million, respectively. Smaller markets like Bulgaria and Croatia registered much lower values, with Iceland and Latvia at the bottom. Year-on-year changes highlighted significant growth in Germany (12.68%) and Romania (12.65%), while Greece (-9.13%) and Serbia (-10.96%) experienced notable declines. The CAGR over the last five years reflects these trends, indicating respective average annual increases and decreases for these countries.
Future trends to watch for include Germany and Romania's continued growth in jewellery wages and salaries, potential recovery in Greece and Serbia, and the rise of smaller markets such as Latvia. Monitoring economic factors and industry-specific developments will be crucial for forecasting accurately.
Top countries in Jewellery Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 499 | 2023 | +5.1% | +0.89% | View data |
| 2 | 2 Germany | 427.8 | 2023 | +20.68% | +12.68% | View data |
| 3 | 3 United Kingdom | 119.7 | 2023 | +1.1% | +0.65% | View data |
| 4 | 4 Spain | 89.9 | 2023 | +9.5% | +0.82% | View data |
| 5 | 5 Belgium | 20.1 | 2023 | +1.01% | -0.2% | View data |
| 6 | 6 Portugal | 19.7 | 2023 | +3.14% | +0.1% | View data |
| 7 | 7 Norway | 16.2 | 2023 | +3.85% | -1.31% | View data |
| 8 | 8 Romania | 15.6 | 2023 | +9.86% | +12.65% | View data |
| 9 | 9 Austria | 12.4 | 2023 | +0.81% | -0.16% | View data |
| 10 | 10 Finland | 10.5 | 2023 | -2.78% | -2.8% | View data |
