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.