The import value of imitation jewellery of base metal to India is forecasted to grow steadily from 12.309 million USD in 2024 to 14.214 million USD in 2028. Comparatively, in 2023, the actual import figure stood at 11.85 million USD. The year-on-year growth from 2024 to 2025 is approximately 4%, with a consistent average annual growth rate (CAGR) of around 3.6% over the five-year period. The positive trend suggests a robust demand for imitation jewellery.
Future trends to watch for include:
- Rising preference for affordable fashion accessories among millennials.
- Potential impact of international material costs on import prices.
- Fluctuations in currency exchange rates affecting trade dynamics.
- Innovations in design and style appealing to diverse consumer segments.
