The forecast for Jewellery Hours Worked in Spain shows a consistent decline from 2024 to 2028. Starting at 3.314 million hours in 2024, the figure is expected to drop to 1.404 million hours by 2028. This represents a significant year-on-year decrease over the five-year period.
- Year-on-year variations: In 2025, there is a 14.66% decrease from 2024. In 2026, a 16.93% reduction is observed from 2025. In 2027, hours worked decline further by 20.23% from 2026. Finally, 2028 sees a 25.11% drop from 2027.
- Compound annual growth rate (CAGR): The average annual decrease over the five-year period is approximately 20.53%.
Future trends to watch for include technological advancements and automation that may reduce manual labor needs in jewellery production. Economic factors and changes in consumer behavior, such as the preference for sustainable and locally produced items, could also influence the demand for labor in this sector.
