The import of jewellery of precious metal to Denmark has fluctuated over the past decade, with a significant decline observed from 2013 to 2023. The import value stood at 99.4 million USD in 2023. Over recent years, the market experienced a -2.42% year-on-year change from 2022 to 2023. Analyzing the last five years, the compound annual growth rate (CAGR) was approximately -3.9%, highlighting a downward trend.
Forecast data for the next five years predict a continued decline, with a forecasted 5-year CAGR of -2.2%, leading to a total decrease of approximately 10.53% by 2028.
Future trends to watch for include potential shifts in consumer preferences towards sustainable and ethical jewellery, the impact of economic fluctuations on luxury goods spending, and advancements in e-commerce platforms facilitating easier access to international markets.
