The hours worked in the jewellery sector in Italy have shown significant fluctuations over the past decade. From 2013 to 2019, there was a general upward trend, peaking in 2018. However, the COVID-19 pandemic in 2020 led to a sharp decline of 25.16%. Recovery has been gradual, with hours worked increasing by 13.1% in 2021 and 6.79% in 2022. As of 2023, the value stood at 30.669 million hours, reflecting a 3.49% year-on-year growth. Over the last five years, the compound annual growth rate (CAGR) was -1.33%, indicating a slight decrease on average per year. Future forecasts suggest a continued gradual decline, reaching 28.071 million hours by 2028, with a forecasted five-year CAGR of -1.41%.
Future trends to watch for include the impact of digital transformation in the jewellery sector, evolving consumer preferences towards sustainable and ethically sourced products, and potential economic uncertainties that may further affect labour demand. Additionally, advancements in automation and technology could influence the number of hours worked within the industry.