The import of statuettes and other ornaments plated with precious metal to China is projected to grow consistently from 2024 to 2028, expanding from 43.54 thousand kilograms in 2024 to 50.38 thousand kilograms in 2028. In 2023, the import volume was lower than in 2024, indicating a steady upward trend.
Key variations over the forecasted period show a year-on-year growth rate: 2024 to 2025 by 4%, 2025 to 2026 by 3.8%, 2026 to 2027 by 3.6%, and 2027 to 2028 by 3.4%. The Compound Annual Growth Rate (CAGR) for this five-year period is approximately 3.8%, suggesting a healthy demand increase.
Future trends to watch for include:
- Rising consumer affluence driving demand for luxury decorative items.
- Potential fluctuations in global metal prices affecting import volumes.
- Consumer preferences and trends in home decor impacting market dynamics.
