The employment trend in the Jewellery and Bijouterie sector in Italy has shown a steady decline over recent years. Starting with 30.39 thousand employees in 2013, it reached 27.99 thousand in 2023, marking a decrease of 7.9% over the decade. Notably, 2020 saw a significant drop of 5.78% due to the impact of the COVID-19 pandemic.
Year-on-year variations over the last two years were -1.66% in 2022 and -1.63% in 2023. The compound annual growth rate (CAGR) for the past five years sits at -2.25%. Looking forward, a future CAGR of -1.25% is forecasted up to 2028, with an overall reduction of 6.1% expected between 2023 and 2028.
Future trends to watch for include technological advancements in jewellery production, shifting consumer preferences towards sustainable and ethical jewellery, and potential economic uncertainties which may impact employment figures in this sector.
