The import of worked precious and semi-precious stones to Canada shows a gradual decline from 2024 to 2028. In 2023, the value stood at 10.511 million US dollars. Year-on-year, there is a subtle decrease in import values: -0.60% from 2024 to 2025, -0.59% from 2025 to 2026, -0.58% from 2026 to 2027, and -0.57% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately -0.59%, indicating a consistent reduction in imports.
Future trends to watch for include changes in global economic conditions, trade policies affecting Canada, developments in the jewelry and luxury goods market, and potential shifts in consumer preferences toward alternative or synthetic stones which may further impact import volumes.
