The employment in France’s jewelry manufacturing sector is projected to rise gradually over the next five years, from 23,380 in 2024 to 26,230 in 2028. This represents an annual growth rate, or Compound Annual Growth Rate (CAGR), of approximately 2.87%. Specifically, the year-on-year growth rates are 3.09% from 2024 to 2025, 2.99% from 2025 to 2026, 2.82% from 2026 to 2027, and 2.79% from 2027 to 2028, showing a steady upward trend following 2023 where the employment stood at around 22,600 employees.
Future trends to watch for:
- Technological advancements influencing production processes and potentially requiring skill upgrades.
- Impact of global economic conditions on consumer demand for luxury and non-essential items.
- Sustainability trends driving changes in materials and practices within the sector.
- Potential for local and regional market expansion, affecting employment growth positively.