The Jewellery and Bijouterie market in Denmark experienced a significant decline over the past decade. The turnover peaked in 2014 at 195.6 million Euros but consistently decreased afterward, reaching 70.0 million Euros in 2023. From 2024 onward, the predicted decline accelerates, with forecasts showing a turnover of just 28.1 million Euros by 2028. Year-on-year variations have shown substantial drops, notably between 2019 and 2023, reflecting external economic pressures and shifts in consumer behavior. Over the last five years, the compound annual growth rate (CAGR) has averaged -12.45%, and the forecasted CAGR from 2024 to 2028 is -14.5%, signaling a continued downturn.
Future trends to watch for include the impact of economic recovery post-pandemic, shifts toward sustainable and ethical jewellery consumption, and innovation in bijouterie designs. Monitoring these factors can provide insights into potential market stabilization or resurgence.
