The number of high growth enterprises in the jewellery and bijouterie sector in Italy stood at 110 units in 2023, showing a 15.79% year-on-year increase from 2022. From 2013 to 2023, the market experienced significant fluctuations, including a sharp decline in 2020 due to external factors, likely the COVID-19 pandemic, followed by a strong recovery in subsequent years. The compound annual growth rate (CAGR) from 2018 to 2023 was 1.92%, reflecting moderate growth overall. Forecasted data from 2024 to 2028 suggest a stabilization around the 109-unit mark, indicating a nearly flat trajectory with a forecasted 5-year CAGR of -0.18%.
Future trends to watch for:
- Potential market saturation causing a plateau in the number of high-growth enterprises.
- Emerging technologies and new consumer trends prompting market shifts.
- Economic factors such as inflation and consumer spending power influencing enterprise growth.
- Changes in export demand and international trade policies affecting the sector.