Jewellery exports from Austria have shown significant volatility over the past decade. Notable fluctuations include a dramatic drop in 2019 followed by a robust rebound in 2020. The exports stood at €281.01 million in 2023, marking a YoY growth of 4.36%. The last two years saw strong double-digit growth in 2021 and 2022. The 5-year CAGR leading up to 2023 was 15.28%, highlighting a solid upward trend.
Forecasts predict continued robust growth, with jewellery exports expected to reach €529.6 million by 2028, representing a forecasted 5-year CAGR of 9.81% and an overall growth rate of 59.65% during this period.
Future trends to watch for:
- Geopolitical influences on trade relationships and tariffs.
- Technological advancements in manufacturing and supply chain logistics.
- Fluctuations in consumer demand driven by economic conditions and fashion trends.
- Impact of sustainability and ethical sourcing on consumer preferences.
