The import of jewellery of precious metal to Viet Nam has exhibited steady growth from 2013 to 2023. Year-on-year variations, however, indicate periods of both rapid escalation and moderate growth. From 2013 to 2016, significant gains were notable with annual increases around 30%. From 2017 to 2020, the import values became more stable, showing relatively smaller fluctuations. By 2023, the value reached 48.554 million USD.
Recent data points to a consistent upward trajectory, with a 4.03% year-on-year increase in 2023 and a forecasted 2.89% CAGR over the next five years. The overall growth rate is expected to hover around 15.32% by 2028.
Future trends to watch for include fluctuations in global precious metal prices, changes in Viet Nam's economic policies affecting luxury goods, and possible shifts in consumer preferences towards non-precious alternatives. These factors could impact the import values significantly in the coming years.
