The wages and salaries in the Jewellery and Bijouterie sector in Germany experienced significant variations from 2013 to 2023. After a sharp decline of 20.91% in 2014, there was a recovery phase highlighted by a substantial increase of 37.34% in 2019. Although 2020 saw a minor drop, the trend recovered shortly after. By 2023, the value stood at 397.5 million Euros, reflecting a modest year-on-year increase of 2.93%. The compounded annual growth rate (CAGR) over the last five years up to 2023 was approximately 7.35%.
Looking forward, the forecasted data for 2024 to 2028 suggests a more moderate annual growth rate, with a five-year CAGR predicted to be around 2.17%. Key trends to watch for include the impact of digital innovation in manufacturing and retail, sustainability practices, and shifts in consumer preferences towards more personalized and custom jewellery products.
