Based on the provided data, the import value of articles made from precious, semi-precious, and artificial stones into Japan has been forecasted to exhibit a declining trend from 2024 to 2028. In 2023, the import value stood at approximately 27.241 million USD. From 2024 to 2025, the year-on-year percentage variation is a decrease of 6.31%. From 2025 to 2026, another decline of 6.60% is expected. The decline continues with a 6.91% drop from 2026 to 2027, and 7.26% from 2027 to 2028. Over the five-year period, the compound annual growth rate (CAGR) reflects an average yearly decrease of approximately 7.03%.
Future trends to watch for:
- Economic conditions in Japan and key exporting countries.
- Changes in consumer preferences impacting the demand for precious and semi-precious stone articles.
- Shifts in trade policies and tariffs influencing import costs.
- Technological advances in synthetic and artificial stone production.
- Fluctuations in global market prices for precious and semi-precious stones.