The turnover in Italy's jewellery manufacturing sector is forecasted to grow steadily from €6.73 billion in 2024 to €7.46 billion by 2028. This indicates a continuous positive trend with a year-on-year growth rate of approximately 2.82%. As of 2023, prior to this forecast period, the turnover stood at €6.55 billion, reflecting consistent industry recovery and growth. The compound annual growth rate (CAGR) over these five years is projected to be around 2.6%.
Future trends to watch for:
- Innovation in luxury and sustainable materials driving demand.
- Increasing consumer interest in personalized jewellery.
- Potential impacts of economic fluctuations and trade policies on exports.
- Technological advancements enhancing production efficiency.
