The jewellery and bijouterie turnover in Italy experienced fluctuations from 2013 to 2023. The market saw minor growths and declines between 2013 and 2015, followed by a period of consistent growth from 2016 to 2019, peaking at 6.62 billion euros in 2019. However, the pandemic in 2020 led to a significant drop of nearly 24%. Recovery began in 2021, with the turnover reaching 6.91 billion euros in 2023. Year-on-year growth for 2022 was 11.26%, and for 2023, it stood at 7.92%. The CAGR over the last five years showed a modest rise of 2.31% annually.
Future trends are promising, with forecasts indicating a gradual increase in turnover, reaching 7.8 billion euros by 2028. The anticipated CAGR over the next five years is around 1.93%, reflecting a steady growth rate. Key trends to watch include consumer shifts toward sustainable and ethically sourced jewellery, advances in technology facilitating online sales, and evolving fashion trends influencing purchasing behavior.
