From 2013 to 2023, the value of jewellery production in Finland has shown a consistent downward trend, starting at 60.5 million euros in 2013 and reducing to 42.3 million euros in 2023. This period has seen significant yearly variations including a CAGR of -4.26% over the last five years. Notably, the largest year-on-year decline of -12.32% occurred in 2013, while 2017 saw a brief rebound with a 4.8% increase.

Looking forward from 2024 to 2028, the forecast anticipates a further decline in the jewellery production value, moving from 40.2 million euros in 2024 to 31.8 million euros in 2028. This indicates a forecasted 5-year CAGR of -4.58%, contributing to an overall 20.9% reduction over the forecast period.

Trends to watch for in the future include:

The impact of economic fluctuations on consumer spending power.
Shifts in consumer preferences towards alternative forms of luxury goods.
Technological advancements affecting production processes and efficiency improvements.
Sustainability and ethical sourcing becoming more critical in consumer choices.