Forecast: Jewellery Exports from Portugal

Portugal's jewellery exports have shown fluctuation over the past decade. From 2013 to 2023, exports rose and fell with notable variations. Notably, the year 2022 experienced a significant 42.92% increase in exports, reaching 76.41 million euros. However, in 2023, exports declined by 23.18%, settling at 58.7 million euros. Over the last five years (2019-2023), despite these variations, the compound annual growth rate (CAGR) stands at 7.08%.

Future forecasts indicate a steady growth trajectory for Portuguese jewellery exports, with a CAGR of 3.05% expected over the next five years, projecting exports to reach 71.19 million euros by 2028.

Key trends to watch for in the future:

  • Increased demand from emerging markets.
  • Shifts in consumer preferences towards ethically sourced and sustainable jewellery.
  • Advancements in technology and innovation within the jewellery industry.
  • Potential impacts of global economic stability on luxury goods consumption.

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