The number of jewellery and bijouterie enterprises in Italy is projected to decrease steadily from 2024 to 2028, dropping from 6.28 thousand to 5.64 thousand enterprises. In 2023, this figure was somewhat higher, indicating a clear downward trend. Year-over-year analysis shows a consistent decline of around 2.5% annually. Over the long term, the sector is experiencing a compound annual growth rate (CAGR) of approximately -2.7%, reflecting consistent shrinkage in the number of enterprises.
Future trends to watch for include:
- Potential market consolidation as smaller enterprises exit the market.
- The impact of digital transformation and e-commerce on traditional brick-and-mortar businesses.
- Consumer shifts towards sustainable and ethically-sourced jewellery products, which could influence enterprise dynamics.