In 2023, the import value of pearls, precious stones, metals, and coins to South Africa stood at 1.2346 billion USD. Forecasted data indicates a steady year-on-year increase in import values from 2024 to 2028. For 2024, the value is projected at 1.2596 billion USD, rising to 1.3601 billion USD by 2028. The year-on-year percentage changes are as follows:
- 2023 to 2024: 2.03% increase
- 2024 to 2025: 2.06% increase
- 2025 to 2026: 1.97% increase
- 2026 to 2027: 1.90% increase
- 2027 to 2028: 1.83% increase
The Compound Annual Growth Rate (CAGR) over the last five years is approximately 1.96% per year. This indicates a moderate and stable growth trend in imports of these commodities into South Africa.
Future trends to watch for include potential fluctuations in international market prices for precious metals and stones, shifts in trade policies, and economic conditions both domestically and globally which could impact demand for these imports.
