In 2023, the import volume of jewellery and parts of precious metal except silver to China stood at 18.7 thousand kilograms. Forecasted data from 2024 to 2028 shows a consistent upward trend, with an average compound annual growth rate (CAGR) of approximately 3.4%. Year-on-year growth rates are expected to hover around 3.5% to 3.8% during this period. This indicates a steady increase in demand for these products in the Chinese market.
Future trends to watch include:
- Fluctuations in global gold prices, impacting import rates.
- Changes in consumer preferences towards luxury goods in China.
- Influence of geopolitical factors on international trade policies.
- Potential advancements in manufacturing technology that could alter import needs.