The German jewellery and bijouterie market saw fluctuating growth from 2013 to 2022. The highest turnover was achieved in 2017 at €1.93 billion, reflecting a robust market. The pandemic significantly impacted 2020, causing a sharp decline to €1.29 billion. By 2023, the market rebounded to €1.94 billion, indicating resilience.
Year-on-year variations show notable volatility, such as a 47.71% jump in 2016 and a 27.4% drop in 2020. However, from 2019-2023, the market experienced a steady CAGR of 2.75%. The forecast for 2024-2028 projects a CAGR of 2.05%, hinting at more stable growth.
Future trends to watch for:
● Increased demand for sustainable jewellery.
● Growth in online sales channels.
● Rising consumer preference for personalized and custom designs.
