Jewellery turnover in Germany is forecasted to experience a steady increase from 2024 to 2028, starting from €1.81 billion in 2024 and reaching €2.0 billion by 2028. This represents a consistent year-on-year growth of approximately 2.76% over this period. In 2023, the turnover stood at €1.75 billion. Over the last two years (2023 to 2024), the industry saw a 3.43% growth. The compound annual growth rate (CAGR) for the forecasted period (2024-2028) is around 2.53%.
Future trends to watch for include evolving consumer preferences towards sustainable and ethically sourced materials, increasing online retail and customization options, and the potential impact of economic fluctuations on luxury spending. Technological advancements in production processes and digital marketing strategies could also play a critical role in shaping the market dynamics.
