As of 2023, the number of jewellery and bijouterie enterprises in the UK stood at 1.47 thousand. The forecast from 2024 to 2028 shows a gradual increase, reaching 1.49 thousand enterprises in 2028. The year-on-year growth remains modest, resulting in a stable market environment with slight increments in enterprise numbers annually. The Compound Annual Growth Rate (CAGR) for this period is approximately 0.3%, indicating relatively steady growth.
Future trends to watch for include:
- Innovation in online retailing and customized jewellery offerings that could influence market dynamics.
- Potential impacts of sustainable and ethical sourcing on enterprise growth.
- Economic and regulatory changes post-2024 which could affect market conditions.