In 2023, the import value of articles of natural or cultured pearls to the US was significantly higher than the projected figures for subsequent years. According to the forecast, there is a clear declining trend from 2024 through 2028, with import values decreasing annually. Year-on-year, the import value is projected to drop by approximately 11% from 2024 to 2025, 12% from 2025 to 2026, 13% from 2026 to 2027, and 15% from 2027 to 2028. Over the five-year span from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is estimated to show a consistent downtrend.
Future trends to watch for:
- Global economic factors and consumer confidence impacting luxury goods demand.
- Shifts in cultural preferences, potentially influencing pearl popularity.
- Trade policies and tariffs affecting international pearl trade.
