The import values of jewellery or parts of base metal clad with precious metal to India are forecasted to decrease significantly from 2024 to 2028. Starting at $52.94 thousand in 2024, the value is projected to drop to $14.26 thousand by 2028, with consistent declines recorded year-on-year. On a percentage basis, this reflects substantial decreases each year, indicating a strong downward trend. In 2023, actual imports stood higher than forecasted 2024 levels, highlighting the sharp projected downturn. The compound annual growth rate (CAGR) over the five-year period reflects a negative trend across these forecasts.

Future trends to watch for:

Potential changes in global precious metal prices, affecting import volumes.
Policy changes in India regarding tariffs or regulations on jewellery imports.
Shifts in consumer preferences towards domestic products or alternative fashion items.