In 2024, the forecast for jewellery wages and salaries in Italy stands at 501.3 million Euros, up from the actual value of 498.8 million Euros in 2023. Year-on-year, this represents a growth of 0.5%. Forecasts for the subsequent years project a steady growth: 503.6 million Euros in 2025 (0.5% increase), 505.8 million Euros in 2026 (0.4% increase), 508.1 million Euros in 2027 (0.5% increase), and 510.4 million Euros in 2028 (0.5% increase). The compound annual growth rate (CAGR) over the forecasted five years (2024-2028) is modest, which highlights a stable yet slow growth in wages and salaries within the sector.
Future trends to watch for include:
- Potential impacts of technological advancements on job roles and salaries within the jewellery industry.
- Economic factors influencing consumer spending power and subsequently, the profitability of the sector affecting wage structures.
- The impact of global market trends and trade policies on Italy's jewellery export and labour market.