In 2023, the re-import volume of cultured pearls to China stood at a baseline level. For 2024, forecasts predict a volume of 76.08 thousand kilograms, which will decrease annually by a notable percentage. By 2028, the volume is expected to drastically decline to 27.3 thousand kilograms. The compound annual growth rate (CAGR) indicates a consistent negative trend, suggesting a significant downturn in the market over the five-year period. Year-on-year comparisons demonstrate decreasing re-importation volumes, highlighting a downward momentum.
Future trends to watch for include potential changes in domestic pearl production, evolving consumer preferences for alternative jewelry products, and geopolitical factors impacting trade dynamics that could influence the pearl re-import market.
