The historical analysis of jewellery and bijouterie production value in Germany from 2013 to 2023 reflects a significant fluctuation. Starting at €1.2 billion in 2013, the market saw a notable dip in 2014 by -21.96%, followed by periods of both recovery and decline, with the highest production value noted in 2016 at €1.68 billion and subsequent variations over the years, leading to a production value of €1.62 billion in 2023. Over the last two years, the market grew by 1.47% in 2022 and 1.43% in 2023, indicating a recovery trend. The five-year CAGR up to 2023 was 2.35%, illustrating moderate growth.
Looking ahead, forecasts from 2024 to 2028 project a continued moderate growth, with the production value expected to reach €1.74 billion by 2028. The anticipated five-year CAGR from 2024 to 2028 is 1.12%, indicating consistent but steady growth. This suggests stability and gradual recovery in the sector.
Future trends to watch for include:
- Increasing demand for sustainable and ethically sourced jewellery.
- Technological advancements in production and design influencing market dynamics.
- Rising interest in luxury and high-end jewellery driving higher value segments.
