In 2023, the actual re-import value of pearls, precious stones, metals, and coins to Canada stood at approximately 91.5 million USD. The forecast for 2024 shows a decrease to 88.321 million USD, continuing a downward trend through 2028, where the value is projected to reach 76.023 million USD. This trend reflects a year-on-year decline ranging from 3-4% and a compound annual growth rate (CAGR) of approximately -3.7% over the five-year period.
Future trends to watch for include:
- The impact of global economic conditions on luxury goods consumption.
- Exchange rate fluctuations influencing import costs.
- Trade policy changes affecting international flow of these goods.
- Technological advancements in synthetic gems affecting natural stone demand.
