The turnover for the jewellery and bijouterie market in Belgium is projected to decline significantly from 2024 to 2028. The forecasted turnover values indicate a downward trend, beginning with 301.2 million Euros in 2024 and decreasing annually to reach 184.7 million Euros in 2028. The market saw a substantial drop from its 2023 value of 331.7 million Euros to 301.2 million Euros in 2024, marking a decline of approximately 9.2% year-on-year.
The year-on-year variations imply continual decreases: around -9.9% from 2024 to 2025, -10.8% from 2025 to 2026, -11.9% from 2026 to 2027, and -13.4% from 2027 to 2028. Over a five-year period, this results in a compound annual growth rate (CAGR) detailing a consistent downward trend in the market.
Future trends to watch for include potential shifts in consumer preferences towards more sustainable and alternative jewellery materials, the impact of economic factors on discretionary spending, and evolving fashion trends that may influence demand for traditional jewellery and bijouterie products.
