Jewellery and bijouterie production in Portugal has experienced significant fluctuations over the past decade. From a drop in value in 2014 to a sharp decline in 2020 due to the pandemic, the sector has shown resilience with a robust recovery from 2021 onwards. In 2023, production stood at €174.3 million, marking an 11.02% year-on-year increase and a CAGR of 5.51% over the previous five years. Forecasts indicate steady growth, with the production value reaching €192.8 million by 2028, reflecting a forecasted 5-year CAGR of 1.41%.

Future trends to watch for include:

Potential impact of global economic conditions on luxury goods demand.
Increase in consumer preferences for sustainable and ethically sourced jewellery.
Technological advancements in production processes and design innovation.
Expansion into new markets and the effects of digital marketing strategies.