The jewellery and bijouterie production value in Belgium stood at 345 million Euros in 2023. The forecast for the upcoming years indicates a steady decline, with a year-on-year reduction of 6.2% for 2025, followed by similar declines of around 6.6% annually through 2028. In five years, the Compound Annual Growth Rate (CAGR) suggests an average yearly decrease of approximately 6.33% in production value.
Future trends to watch for include the impact of economic fluctuations on luxury goods demand, changes in consumer preferences towards sustainable and ethically sourced jewellery, and advancements in technology that could impact production efficiencies and costs.
