The forecasted import of jewellery of precious metals to the Philippines from 2024 to 2028 shows a consistent upward trend. Starting at $14.533 million in 2024, it is expected to increase to $17.312 million by 2028. This represents a year-on-year growth rate of around 4.9% from 2024 to 2025, and a similar consistent growth rate through to 2028. Values stood at $14.533 million in 2023, showing progressive growth in this sector.
Variations:
- 2024 vs 2025: +4.9%
- 2025 vs 2026: +4.6%
- 2026 vs 2027: +4.3%
- 2027 vs 2028: +4.0%
Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 4.4%, indicating a steady increase in the import value of precious metal jewellery to the Philippines.
Future trends to watch for include economic factors that could impact consumer purchasing power, changes in trade policies, and evolving consumer preferences toward different types of jewellery. Additionally, fluctuations in global precious metal prices could also influence import values.
