In 2023, the value of jewelry imports to Switzerland stood at 9.296 billion Euros. Based on forecast data, the value is set to reach 9.864 billion Euros in 2024, reflecting a year-on-year increase of 6.1%. The forecasted value for 2025 is 10.458 billion Euros, indicating a 6.0% increase from 2024. Continuing this trend, the value is expected to grow by approximately 5.6% each year from 2026 to 2028, ultimately reaching 12.203 billion Euros in 2028. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 5.7%.
Future trends to watch for include:
- Shift in consumer preferences towards sustainable and ethically sourced jewelry.
- Impact of economic volatility on luxury goods consumption.
- Technological advancements in jewelry design and production.
- Increasing influence of digital marketing and e-commerce on purchasing behavior.