The number of persons employed in the Jewellery and Bijouterie sector in Belgium has seen significant fluctuations over the period from 2013 to 2023. Employment peaked in 2015 with a slight rise, followed by a sharp decline in 2018 and a sporadic recovery in 2019 and 2020. However, the trend turned negative again post-2020, with employment dropping steadily each year. As of 2023, the sector has 1.21 thousand employees, marking a year-on-year decline of 3.14% and reflecting an overall steady decline with varying annual rates.
Future trends to watch for include ongoing employment decline in the sector, driven by the automation of manufacturing processes, shifts in consumer preferences, and potential market contractions. The forecast 5-year CAGR of -2.72% suggests a persistent downturn, emphasizing the need for adaptation within the industry.
