Italy's jewellery exports have shown significant fluctuations over the past decade. Between 2013 and 2019, exports generally trended upward despite minor setbacks, such as in 2016 and 2018. The year 2020 marked a severe drop due to the COVID-19 pandemic, but recovery was swift with record highs in 2021 and 2022. However, 2023 saw another decline.
Year-on-year variations highlight volatility, with notable increases in 2021 (64.2%) and declines in 2020 (-28.58%) and 2023 (-16.38%). The average annual growth rate over the last five years (CAGR) leading up to 2023 is 4.9%.
Looking forward, exports are forecasted to grow consistently, predicting a CAGR of 3.08% over the next five years, with an anticipated growth rate of 16.35% by 2028.
Future trends to watch:
- Sustainable and ethically sourced materials gaining traction.
- Increased digitization and e-commerce channels influencing trade.
- Geopolitical shifts impacting export markets and tariffs.
- Innovations in design and manufacturing driving differentiation.