The forecast for Canada’s import of worked but unset rubies, sapphires, and emeralds from 2024 to 2028 shows a gradual decline in import value from $7.796 million to $7.5614 million. In 2023, this value was higher, indicating a downward trend.
Year-on-year analysis shows a steady decrease in import values: approximately a 0.77% decline annually. The compound annual growth rate (CAGR) over the forecast period averages around -0.74%.
Future trends to watch for include:
- Changes in consumer demand for luxury goods.
- Exchange rate fluctuations impacting import costs.
- Trade policy adjustments affecting gemstone importation.
