The turnover for the jewellery and bijouterie sector in Sweden has seen significant fluctuations over the last decade. From 2013 to 2016, there was a steady increase culminating in a peak in 2016. However, the subsequent years experienced a downturn, particularly in 2018 and 2019. The industry rebounded notably in 2020, but the increase was modest in the following years. As of 2023, the value stood at 88.5 million Euros, showing a slight recovery compared to the previous years.
The year-on-year variations indicate a mixed trend with noticeable growth in 2020 and negligible changes from 2021 onwards. The last five-year period has shown a stable average annual growth rate, reflecting consolidation rather than expansion. Looking forward, the forecasted data from 2024 to 2028 suggest a very modest growth in turnover, maintaining somewhat stagnant financial performance but with a slight positive trend.
Future trends to watch for:
- Consumer preferences towards sustainable and ethical jewellery.
- The impact of digital transformation on sales channels.
- Innovations in materials and design driving new market segments.
- The economic recovery post-pandemic affecting discretionary spending.
