In 2023, the US imported jewellery of precious metal valued at approximately 9.8 billion USD. This forecast highlights a steady increase in imports with projections of 9.9345 billion USD in 2024, rising to 10.578 billion USD by 2028. The year-on-year growth figures indicate modest growth with a Compound Annual Growth Rate (CAGR) over five years reflecting a steady upward trend.
Future trends to watch for include:
- Economic factors impacting disposable income and consumer demand for luxury items.
- Fluctuations in global precious metal prices that may affect import costs.
- Evolving consumer preferences toward sustainable and ethically sourced jewellery.
