The forecasted re-import of worked but not set rubies, sapphires, and emeralds to Canada shows a declining trend from 2024 to 2028, starting at USD 5.61 thousand and decreasing to USD 1.84 thousand. Although the exact value for 2023 is not provided, the consistent decline over the forecasted period suggests a significant decrease year-on-year. This declining trend may indicate a reduced demand or increased local processing capabilities, diminishing the need for re-importation over this timeframe. The compound annual growth rate (CAGR) further emphasizes a steady decrease in value over the five-year forecast period.

Future trends to watch for:

Changes in global gemstone market dynamics that could impact Canadian re-import needs.
Technological advancements or local industry shifts that reduce dependency on re-imports.
Potential economic or policy changes influencing the trade environment.