The import of jewellery of precious metal to Brazil has seen a fluctuating trend over the past decade. Starting at 35.234 million USD in 2013, the import value peaked in 2023 at 55.202 million USD. The year-on-year variations indicate periods of both growth and decline, with significant increases in 2014, 2021, and more moderate growth in recent years, such as the 3.37% rise in 2023. The Compound Annual Growth Rate (CAGR) over the last five years to 2023 stands at 4.76%, showing a relatively stable upward trend despite some downturns.
Future trends point towards continuous growth, albeit at a slower pace. The forecasted CAGR for the next five years is 2.47%, with an overall 12.98% growth expected by 2028. Key factors to watch include global economic conditions, exchange rates, and changes in consumer preferences, which could impact the demand and import of luxury jewellery into Brazil. Additionally, trade policies and any shifts in international trade agreements could also play a significant role in shaping future trends.
