The forecast for the re-import of imitation jewellery to the UK shows a declining trend from 2024 to 2028. In 2023, the volume stood at 900 kilograms. From 2024 to 2028, the year-on-year percentage decrease averages around 5.8%. This consistent downward trend might indicate decreased demand or increased competition in the market. Between 2024 and 2028, the forecasted compound annual growth rate (CAGR) is approximately -5.2%.
Future trends to watch for include:
- Changing consumer preferences towards more sustainable and ethical jewellery options.
- Potential impact of trade agreements and tariffs post-Brexit on re-importation costs.
- Innovations in jewellery manufacturing that could affect the imitation jewellery segment.