Forecast: Employment in Manufacture of Jewellery and Related Articles Sector in Italy

Employment in the Manufacture of Jewellery and Related Articles sector in Italy peaked in 2018-2019, reaching nearly 17,000 FTE. However, the sector experienced a sharp decline in 2020 due to external factors, recovering gradually in the subsequent years. By 2023, employment had largely rebounded to around 15,500 FTE but was projected to decline slightly through 2028, with a forecasted 5-year CAGR of -0.85% and a reduction of approximately 4.2% over the same period.

Future trends to watch for:

  • Impact of global economic conditions on employment stability.
  • Technological advancements and automation potentially reducing labor requirements.
  • Consumer demand for luxury goods influencing sector employment positively or negatively.
  • Regulatory changes and potential trade barriers affecting the sector.
  • Adoption of sustainable practices influencing production methods and job roles.