The jewellery turnover in Norway is forecasted to decline over the next five years, starting from 53.8 million euros in 2024 to 47.7 million euros in 2028. The series begins at a baseline value of 54.9 million euros in 2023. The year-on-year percentage variation between 2024 and 2025 is -2.8%, between 2025 and 2026 is -3.1%, between 2026 and 2027 is -3.0%, and between 2027 and 2028 is -3.0%. The Compound Annual Growth Rate (CAGR) over the five-year period shows an average annual decrease of around -2.9%.
Key future trends to watch for in the Norwegian jewellery market include:
- Shift in consumer preferences towards sustainable and ethically sourced materials.- Increased online sales and digital marketing strategies.- Rising competition from international e-commerce platforms.- Possible economic factors influencing disposable income and discretionary spending.
