Forecast: Import of Precious, Semi-Precious Stones Worked to the UAE

In 2023, the import of precious and semi-precious stones worked to the UAE stood at 97.75 million USD. Entering 2024, the forecasted import value is 100.14 million USD, reflecting a year-on-year increase of approximately 2.45%. The trend continues with the import values reaching 102.69 million USD in 2025, 105.18 million USD in 2026, 107.62 million USD in 2027, and 110.02 million USD in 2028. The average annual growth rate over this period, or CAGR, is around 2.40%, highlighting a steady, moderate growth.

Future trends to watch for include:

  • Potential economic policies affecting trade in the UAE, which could either hinder or boost imports.
  • Evolving consumer demand for luxury and precious items globally, which may impact import volumes.
  • Technological advancements in synthetic gemstone production that could alter import dynamics.

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