The wages and salaries in the Jewellery and Bijouterie sector in Austria have exhibited a fluctuating trend from 2013 to 2023, starting at 43.8 million Euros in 2013 and gradually declining to 40.1 million Euros by 2023. This represents a cumulative annual growth rate (CAGR) decrement of -1.48% over the last five years. In recent years, particularly between 2021 to 2023, the sector saw a consistent slight decline with a year-on-year variation of -0.25%.

Future projections indicate a continued gradual decline, with the industry expected to reach 39.6 million Euros by 2028. This forecasted trend is supported by a forecasted 5-year CAGR of -0.2%, translating to a total 5-year growth rate of -1.0%.

Future trends to watch for:

Potential recovery or growth driven by economic stabilization and increasing consumer demand.
Impact of emerging markets and global trade dynamics on the Austrian jewellery sector.
Technological advancements in manufacturing and retailing affecting operational costs and wages.