In 2023, the import value of precious and semi-precious stones worked in Japan stood at 56.467 million USD. Forecasts for the subsequent years suggest a gradual decline in imports, with values dropping from 55.474 million USD in 2024 to 51.73 million USD by 2028. This implies a year-on-year decrease of approximately 1.74% from 2023 to 2024, 1.74% from 2024 to 2025, 1.73% from 2025 to 2026, 1.73% from 2026 to 2027, and 1.72% from 2027 to 2028. The five-year compound annual growth rate (CAGR) indicates an average annual decline of around 2.13%.

Future trends to watch for:

Economic conditions affecting consumer spending on luxury items in Japan.
Fluctuations in global precious stone markets and their impact on import costs and volumes.
Evolving jewelry fashion trends and preferences within the Japanese market.
Trade policies and international relations influencing import procedures and tariffs.