In 2024, the forecasted production value of jewellery and bijouterie in Switzerland stands at 446.8 million Euros. This marks a continuation of an observed decline from previous years. By 2025, the value reduces to 441.5 million Euros, showing a 1.19% decrease year-on-year. The year 2026 sees a further decline to 437.2 million Euros, a reduction of 0.97%. The downward trend persists into 2027 with a forecasted value of 433.7 million Euros, a 0.8% drop from 2026. By 2028, the production value is expected to slightly decrease to 431.0 million Euros, reflecting a 0.62% decline.
The compound annual growth rate (CAGR) from 2024 to 2028 stands at approximately -0.87% over the five years, indicating a steady decline in the production value of the industry.
Future trends to watch for:
- Shifts in consumer preferences towards sustainable and ethically-sourced products could impact demand.- Technological advancements in manufacturing could alter production efficiency and costs.- Economic fluctuations and changing trade policies may influence market conditions and industry performance.- The growth of e-commerce and digital marketing strategies could help tap into new demographics and markets.
