In 2023, France leads the European Jewellery and Bijouterie sector in wages and salaries, valued at €597.8 million, followed by Italy (€554.6m), and Germany (€397.5m). The United Kingdom and Switzerland are significantly lower, with €178.5m and €150.0m respectively. The growth rates highlight substantial disparities, with Poland at an impressive 12.44%, while Denmark experiences a notable decline at -17.65%. Other prominent movers include Germany (7.35%) and Lithuania (8.22%), indicating robust local market performance. However, countries like Greece, Serbia, and Bosnia and Herzegovina show negative trends, reflecting economic challenges.
Looking forward, the European Jewellery and Bijouterie sector may experience shifts due to economic uncertainties and evolving consumer preferences. Nations with strong historical craftsmanship such as Italy and France are likely to maintain their leadership, while emerging markets in Eastern Europe, evidenced by Poland's growth, might gain more prominence. Monitoring global economic conditions and consumer trends will be pivotal in preempting and capitalizing on potential market disruptions.
Top countries in Jewellery, Bijouterie Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 597.8 | 2023 | +4.15% | +2.85% | View data |
| 2 | 2 Italy | 554.6 | 2023 | +5.74% | +1.07% | View data |
| 3 | 3 Germany | 397.5 | 2023 | +2.93% | +7.35% | View data |
| 4 | 4 United Kingdom | 178.5 | 2023 | +1.13% | +0.92% | View data |
| 5 | 5 Switzerland | 150 | 2023 | +0.2% | +2.81% | View data |
| 6 | 6 Spain | 114.6 | 2023 | +8.11% | +0.14% | View data |
| 7 | 7 Poland | 66.5 | 2023 | +15.05% | +12.44% | View data |
| 8 | 8 Austria | 40.1 | 2023 | -0.25% | -1.48% | View data |
| 9 | 9 Portugal | 28.5 | 2023 | +4.78% | +3.76% | View data |
| 10 | 10 Netherlands | 23.6 | 2023 | -0.42% | -0.83% | View data |
