In 2023, the import of dust of precious and semi-precious stones to India stood at a tangible value, setting a benchmark for the forecasted years. From 2024 to 2028, there is a consistent downward trend in the import values, which decline progressively each year from 113.56 thousand USD in 2024 to 36.91 thousand USD in 2028. This represents a significant year-on-year decrease with a compounded average growth rate (CAGR) indicating a consistent annual drop in the market over the five-year forecast period.

Future trends to watch for:

Increased domestic production and self-reliance could further reduce imports.
Shifts in global trade policies or tariffs might impact the import dynamics.
Technological advancements in material alternatives could also influence the import volumes.