From 2013 to 2023, the jewellery and bijouterie market in Italy has shown fluctuating trends. The value stood at 7.15 Billion Euros in 2023, reflecting an 8.53% year-on-year increase. Over the last two years, the market experienced a notable recovery, rising from 5.87 Billion Euros in 2021. The 5-year CAGR from 2018 to 2023 was 2.55%, indicating moderate growth. Looking forward, from 2024 to 2028, the market is expected to continue growing steadily with a forecasted 5-year CAGR of 2.08%, reaching 8.15 Billion Euros by 2028.
Future trends to watch for:
- Technological advancements in production methods.
- Consumer preference shifts towards sustainable and ethically sourced materials.
- Impact of economic factors and potential market shocks.
- Innovative design trends and personalization options.