The European Repair of Jewellery, Clocks, and Watches HICP data highlights Bulgaria, Hungary, and Luxembourg as the top three countries with the highest values in 2023, indicating significant inflation in repair costs compared to 2015. Growth trends were notable in countries like Poland and Hungary with higher year-on-year variations, while countries like Slovakia and others showed no visible changes from 2022. Germany and France maintained a consistent growth rate, reflecting a stable market.
Future trends to watch include potential economic stabilization impacting cost variations, technological advancements possibly reducing repair costs, and shifts in consumer behavior influencing demand for repair services across Europe. Additionally, ongoing inflation management by European countries and the global economic environment will play crucial roles in shaping these trends in the forthcoming years.
Top countries in Repair of Jewellery, Clocks and Watches HICP by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Bulgaria | 171.58 | 2022 | +19.66% | +10.02% | View data |
| 2 | 2 Hungary | 164.94 | 2022 | +14.84% | +10.27% | View data |
| 3 | 3 Luxembourg | 163.78 | 2022 | +10.57% | +6.15% | View data |
| 4 | 4 Lithuania | 160.74 | 2022 | +16.62% | +7.48% | View data |
| 5 | 5 Poland | 158.6 | 2022 | +17.13% | +11.21% | View data |
| 6 | 6 Czech Republic | 155.2 | 2022 | +11.1% | +8.21% | View data |
| 7 | 7 Slovakia | 143.82 | 2022 | +7.61% | View data | |
| 8 | 8 Croatia | 134.34 | 2022 | +17.68% | View data | |
| 9 | 9 Romania | 130.42 | 2022 | +8.9% | View data | |
| 10 | 10 Estonia | 128.55 | 2022 | +11.38% | View data |
