In 2023, sales of costume jewellery in non-store retailing in Canada stood at 122.46 million CAD, reflecting a modest year-on-year increase of 3.2% from 2022. Despite some fluctuations, there has been an overall upward trend from 2016 onwards, particularly notable with a significant jump in 2017 at 77.39%. CAGR over the past five years has been relatively stable at 3.59%, indicating steady growth. Looking forward, the forecast up to 2028 suggests a continued positive trajectory, with a 5-year forecasted CAGR of 2.36%, anticipating sales to reach 142.31 million CAD.
Future trends to watch for include advancements in e-commerce technology, shifts in consumer behavior towards online shopping, and potential impacts from economic factors such as inflation or changes in disposable income. Additionally, new trends in fashion and sustainability could also influence market dynamics significantly.
