The import of articles of precious, semi-precious, and artificial stone to China has experienced significant fluctuations over the past decade. After reaching a peak in 2013 at 2.2787 million kilograms, imports saw a sharp decline, bottoming out in 2016 at 1.0817 million kilograms. A recovery phase began in 2017, with imports showing intermittent growth and a notable surge in 2018. As of 2023, import volumes stood at 1.6503 million kilograms, with slight annual increases observed in the recent past.
From 2013 to 2023, the year-on-year variations highlight a volatile trend with significant drops, particularly between 2014 and 2016, followed by periods of recovery. The latest 5-year CAGR up to 2023 indicates a slight average annual decline of -0.79%. Looking ahead, forecast data predicts a modest growth trajectory with a forecasted 5-year CAGR of 0.91%, reaching 1.7488 million kilograms by 2028. This suggests a stabilization and gradual increase in import volumes over the forecast period.
Future trends to watch for include potential impacts from global trade policies, shifts in domestic demand for precious and semi-precious stones, technological advancements in artificial stone production, and economic factors influencing China's import volumes. Attention should also be paid to China's increasing focus on sustainable and ethically sourced materials, which could affect import patterns.
