From 2023 to 2028, the re-import volume of worked precious and semi-precious stones to the UK is forecasted to increase steadily, starting from 194.51 kilograms in 2024 to 213.96 kilograms in 2028. This represents a gradual rise, with an average year-on-year growth of approximately 2.5% over this period. The compound annual growth rate (CAGR) of the re-import volume from 2024 to 2028 is predicted to be around 2.4%, reflecting a consistent upward trend.
Future trends to watch for include:
- Potential changes in global trade policies that could impact import-export dynamics.
- Fluctuations in consumer demand for luxury goods, influencing the stones' market.
- Technological advancements in gemstone processing which might affect re-import volumes.
- Influence of exchange rates on import costs and competitiveness.
