In 2023, Italy led Europe with 110 high growth enterprises in the jewellery and bijouterie sector, showing a modest year-on-year increase of 1.92%. Hungary and Slovakia both experienced significant growth at 14.87% each, reaching 8 and 2 enterprises, respectively. Romania, Portugal, and Latvia remained stagnant, while the Czech Republic and Lithuania saw declines by 7.79% and 12.94%, respectively. The 2023 data showcases varied growth dynamics across different countries.
Future trends to watch in this sector include:
- Technological advancements fostering innovative jewellery designs.
- Increasing demand for sustainable and ethically sourced materials.
- Potential expansion in emerging Eastern European markets.
- Impact of global economic conditions on consumer spending habits.
Top countries in Number of High Growth Enterprises in Jewellery, Bijouterie by Country
| # | 8 Countries | Units (Enterprises) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 110 | 2023 | +15.79% | +1.92% | View data |
| 2 | 2 Hungary | 8 | 2023 | +14.29% | +14.87% | View data |
| 3 | 3 Romania | 6 | 2023 | +20% | 0% | View data |
| 4 | 4 Portugal | 5 | 2023 | +25% | 0% | View data |
| 5 | 5 Czech Republic | 4 | 2023 | -20% | -7.79% | View data |
| 6 | 6 Slovakia | 2 | 2023 | +100% | +14.87% | View data |
| 7 | 7 Latvia | 1 | 2023 | 0% | 0% | View data |
| 8 | 8 Lithuania | 1 | 2023 | 0% | -12.94% | View data |
