The Jewellery, Bijouterie wages, and salaries in Finland have shown a consistent decline between 2013 and 2023, dropping from €18.3 million to €15.2 million. The annual year-on-year variations reflect a general downward trend, with fluctuations such as a noticeable decrease of 12.86% in 2013, and minor positive growth in 2019 of 2.44%. The Compound Annual Growth Rate (CAGR) over different periods highlights this negative trend, with recent years showing a smaller decrease rate.
From recent actual data, the industry continued to shrink slightly, with the years 2022 and 2023 showing reductions of 2.52% and 1.94% respectively. The forecast for 2024 and beyond predicts a continued decrease, with a forecasted 5-year CAGR of -1.97% and an overall decrease rate of -9.46% by 2028.
Future trends to watch for include:
- Potential recovery signals from economic or consumer behavior changes.
- Technological advancements and investment in digital trends that could influence the sector.
- Policy changes or global economic events impacting labor costs and industry competitiveness.
