The jewellery hours worked in Austria exhibited a downward trend from 2013 to 2020, dropping from 654.57 thousand hours in 2013 to a low of 563.11 thousand hours in 2020. This period was marked by consistent year-on-year declines, peaking with an 11.14% drop in 2020. However, a partial recovery began in 2021, with moderate growth leading to 590.81 thousand hours in 2023. This shift results in an average annual decrease (CAGR) of -1.15% over the last five years.

From 2024 onwards, forecasts indicate a gradual reduction in hours worked, decreasing from 585.24 thousand hours to 563.5 thousand hours by 2028. The forecasted five-year CAGR is -0.75%, suggesting continued but less severe reductions.

Future trends to watch for:

Economic stability which may impact consumer spending on luxury goods like jewellery.
Technological advancements and automation in jewellery manufacturing, potentially reducing hours worked.
Shifts in consumer preferences, particularly towards online and customization options.