Based on the forecasted data, the import of precious and semi-precious stones worked into Viet Nam is expected to decrease over the period from 2024 to 2028, starting from a value of $1.8089 million in 2024 to $1.6095 million in 2028. This represents a consistent year-on-year decrease, with the percentage decrease being approximately:
- 2024-2025: 2.84%
- 2025-2026: 2.85%
- 2026-2027: 2.89%
- 2027-2028: 2.90%
For the period stretching from 2023 to 2028, the Compound Annual Growth Rate (CAGR) indicates an average annual decrease of about 2.87%.
Future trends to watch for in this sector include shifts in global trade policies, fluctuations in the value of the USD, changes in consumer preferences, and Viet Nam's domestic economic conditions. Additionally, emerging technologies in gemstone processing and potential shifts towards lab-grown gemstones may also influence future import volumes and values.
