The import of non-monetary gold in semi-manufactured forms to the US is projected to see a steady increase from 2024 to 2028, starting at $603.66 million in 2024 and reaching $648.58 million by 2028. In 2023, the imports stood at a non-estimated value. The year-on-year growth rates are approximately 1.9% between each consecutive year. The compound annual growth rate (CAGR) over these five years is forecasted to be around 1.8%, indicating a modest yet consistent upward trend in the market.
Future trends to watch for include volatile global gold prices, shifts in demand from jewelry and technology sectors, geopolitical factors influencing trade policies, and developments in domestic gold production capacity.
