In 2023, the number of jewelry enterprises in Italy was X thousand. Entering 2024, forecasts show a gradual decline in the number of enterprises, decreasing from 4.61 thousand in 2024 to 3.92 thousand by 2028. The year-on-year decrease is approximately 3.91% from 2024 to 2025, 3.84% from 2025 to 2026, 3.99% from 2026 to 2027, and 4.15% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is projected at approximately -4.07%.
Future trends to watch include the increasing impact of technological advancements in jewelry production, the influence of changing consumer preferences towards sustainable and ethically sourced materials, and potential regulatory changes. Additionally, e-commerce growth and digital marketing strategies will likely reshape the competitive landscape.
