The challenging economic environment in Spain is expected to remain a barrier to the recovery of jewellery, at least during the early years if the forecast period. With incomes likely to remain squeezed consumers will likely become more price sensitive and will look to spend less on discretionary items, including jewellery.
Spaniards are expected to continue showing a growing tendency to invest in travel and experiences over the forecast period to the detriment of acquiring expensive items such as jewellery. This fact is set to support the performance of costume jewellery to the detriment of fine jewellery with the former available through fast fashion retailers such as Zara and H&M at low prices.
Customisation is also set to be a key driver of sales over the forecast period as consumers increasingly look to add a unique twist to their image or to provide a more personal gift. Jewellery in Spain is often bought as a present and therefore the possibility of making a piece more unique for the customer is set to continue growing in popularity.
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Understand the latest market trends and future growth opportunities for the Jewellery industry in Spain with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Jewellery industry in Spain, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Jewellery
Jewellery is a kind of personal adornment usually made with various precious and semi-precious materials such as gemstones, precious metals, beads, glass, and shells. Jewellery is segmented as either real or costume jewellery. Hair Accessories are not included as part of Real or Costume jewellery.
See All of Our DefinitionsThis report originates from Passport, our Jewellery research and analysis database.
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