In 2023, the import value of jewellery of precious metal to India was [] million US dollars. The forecasted values for the period from 2024 to 2028 show a gradual decline: $577.32 million in 2024, $562.66 million in 2025, $548.29 million in 2026, $534.21 million in 2027, and $520.41 million in 2028. This represents a year-on-year decrease of approximately -2.54% from 2024 to 2025, -2.55% from 2025 to 2026, -2.57% from 2026 to 2027, and -2.58% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 indicates a consistent downward trend.
Future trends to watch for include potential impacts of global economic conditions, changes in consumer preferences, and policy adjustments concerning import tariffs and trade agreements. Monitoring these factors will be critical in predicting the stability or possible deviation from the forecasted declining trend in the jewellery import market value.
