Between 2013 and 2023, the number of persons employed in the jewellery and bijouterie industry in Finland has shown a consistent decrease. The workforce has declined from 873 employees in 2013 to 574 employees in 2023, reflecting a general downward trend. Year-on-year variation in percentage has ranged from a minimal drop to more significant declines, with the last two years showing reductions of 3.56% and 3.69% respectively. The Compound Annual Growth Rate (CAGR) over the last five years from 2023 is -3.45%, indicating a consistent annual decrease in employment.
Looking ahead, the forecast data from 2024 to 2028 shows the downward trend continuing, with workforce numbers expected to fall to 461 by 2028. The forecasted 5-year CAGR stands at -3.47%, with a 5-year growth rate forecast at -16.18%, emphasizing a continuous reduction in employment within this sector.
Future trends to watch for include:
- Technological advancements and automation potentially further reducing the need for manual labor.
- Shifts in consumer preferences towards sustainable and ethical jewellery which might impact production practices.
- Economic factors and global market conditions influencing the demand for luxury goods like jewellery.
