The jewellery turnover in Spain is forecasted to demonstrate a slight downward trend from 2024 to 2028. Starting at 538.5 million Euros in 2024, the turnover is expected to decrease to 537.7 million Euros in 2025, 537.1 million Euros in 2026, 536.6 million Euros in 2027, and 536.2 million Euros in 2028. The value in 2023 stood at 539.3 million Euros, indicating a continuous decrease year-on-year. The average year-on-year variation over the past two years is approximately -0.15%, while the CAGR from 2023 to 2028 suggests an average decline of around -0.11% per annum.
Future trends to watch for in the Spanish jewellery market include:
- Changes in consumer preferences towards sustainable and ethical jewellery.
- Adoption of digital and e-commerce channels for jewellery sales.
- Impact of economic factors and disposable income on luxury spending.
- Potential influence of fashion trends and celebrity endorsements.
