The forecast for Japan's import of worked but not set rubies, sapphires, and emeralds from 2024 to 2028 shows a gradual decline in market value from 67.925 million USD in 2024 to 66.008 million USD in 2028. When considering previous years, the actual data suggests a slight downward trend beginning before 2024, with a decrease from the recorded figure in 2023.
Year-on-year comparisons reveal a modest percentage decline in value each year. Over the five-year period, the compound annual growth rate (CAGR) represents a negative trend, indicating a consistent decrease in imports.
Future trends to watch for include:
- Potential shifts in consumer preference towards alternative gemstones.
- Market dynamics influenced by economic conditions, such as currency fluctuations and trade policies.
- Technological advancements in synthetic gemstones affecting demand for natural stones.
- Sustainability concerns impacting sourcing and trading of gemstones.