The jewellery turnover in Italy has shown a generally growing trend from 2013 to 2023, with a significant dip in 2020 likely due to the pandemic, followed by a strong recovery. The turnover in 2023 stood at 6.67 Billion Euros. The year-on-year variation shows fluctuations, with notable growth rates in 2017 and 2021. The average annual growth rate (CAGR) over the last five years has been 3.06%, indicating consistent growth despite the challenges in 2020.
Looking ahead, the forecasted CAGR for the next five years is 2.23%, with an overall growth rate of 11.67% by 2028. This suggests a steady but moderate expansion of the Italian jewellery market.
Future trends to watch include the impact of digital transformation on sales, increasing consumer preference for sustainable and ethically-sourced jewellery, and potential economic fluctuations influencing discretionary spending.