Based on the provided data, Jewellery Turnover in Finland is projected to see a consistent decline over the next five years, starting from 51.3 million euros in 2024 to 46.7 million euros by 2028. As of 2023, the actual turnover was 52.5 million euros. Year-on-year, the turnover is expected to decrease at a diminishing rate: a -2.3% change in 2025, followed by -2.4% in 2026, -2.2% in 2027, and -2.3% in 2028. The Compound Annual Growth Rate (CAGR) over the forecasted period (2024-2028) is estimated to be around -2.25%.
Future trends to watch for include shifts in consumer preferences towards sustainable and ethically sourced jewellery, technological advancements in retail such as augmented reality (AR) for virtual try-ons, and the impact of macroeconomic factors on consumer spending power. The growing popularity of second-hand and vintage jewellery could also influence the market dynamics significantly.
