The data forecasts a gradual decline in the hours worked in the imitation jewellery sector in Germany from 2024 to 2028, with a steady decrease each year. As of 2023, the value stood at approximately 1.435 million hours. Between 2024 and 2025, the sector shows a minor year-on-year decrease of about 0.56%. From 2025 to 2026, a further 0.57% decrease is expected. The compound annual growth rate (CAGR) over the 2024-2028 period projects an average annual decline of approximately 0.57%.
Future Trends to Watch For:
- Industry shifts towards automation which could further reduce labor hours.
- Changes in consumer tastes and demand for imitation jewellery.
- Potential impact of digitalization and e-commerce on traditional manufacturing processes.
