The number of persons employed in the jewellery and bijouterie sector in Austria has experienced a gradual decline from 2013 to 2023. The employment figures, expressed in thousands, edged lower every year, except for a few instances of slight increases. As of 2023, the sector employed 1.66 thousand people. The YoY variations over the last two years showed a contraction of approximately -0.48% per year, reflecting a downward trend. The five-year CAGR leading up to 2023 stood at -0.11%, indicating a mild but persistent decrease. Future forecasts predict a continued decline, with a five-year forecasted CAGR of -0.37% expecting a decrease to 1.62 thousand employees by 2028.
Future trends to watch for include the potential impacts of technological advancements on traditional jewellery making, the economic environment influencing consumer spending on luxury goods, and shifts in consumer preferences towards sustainable and ethical jewellery brands.
