The production value of jewellery and bijouterie in Finland was EUR 78.8 million in 2023. Over the last decade, this sector has faced significant fluctuation. Interestingly, the value peaked at EUR 113.3 million in 2017 before facing a downturn. The sector saw notable year-on-year declines, notably between 2020 (-15.21%) and 2023 (-2.48%). The 5-year CAGR leading to 2023 was -3.16%, highlighting a declining trend.
Looking ahead, the forecast for 2024 to 2028 indicates a continued decline with a forecasted 5-year CAGR of -2.31%, leading to a projected value of EUR 68.09 million by 2028. This translates to an overall decline of 11.04% over the next five years.
Future trends to watch for include:
- Emergence of eco-friendly and sustainable jewellery
- Growth in personalized and custom jewellery offerings
- Increasing influence of digital transformation and online retail channels
- Geopolitical and economic factors influencing production costs
