From 2014 to 2023, the French imitation jewellery production value demonstrated overall volatility. 2014 marked the peak with €535.5 million. However, a notable decrease occurred in 2015, dropping by 23.77%. This was followed by a slight recovery phase, but 2017 saw a significant plunge of 30.98%. Post-2017, there was moderate fluctuation with minor gains and losses until 2023 standing at €339.4 million, reflecting a 2.72% decline from the previous year.
Year-on-year variations show alternating growths and declines, with the compound annual growth rate (CAGR) over the past five years at approximately -0.92%. Moving forward, from 2024 to 2028, forecasts predict a steady decline with a forecasted 5-year CAGR of -2.5%, culminating in €289.88 million in 2028, a total decline of 11.89%.
Future trends to watch for include:
• Digital transformation and e-commerce influence, driving consumer behavior.
• Shifts in fashion trends and consumer preferences towards sustainable and customisable jewellery.
• Economic factors like disposable income levels and market sentiment.
• Potential impacts of regulatory changes affecting production and material costs.
