In 2023, the import value of unworked or partly worked precious and semi-precious stones to Italy stood at 6.55 million US dollars. The forecasted data from 2024 to 2028 indicates a steady growth in imports, with the value reaching 7.3849 million US dollars by 2028. This represents a compound annual growth rate (CAGR) of approximately 2.4% over these five years.
Year-on-year, the predicted growth is gradual, with increases around 2.5% to 3% annually. Given the consistent upward trend in imports, the market shows stability and a healthy demand for these goods in Italy.
Future trends to watch include:
- Fluctuations in global gemstone prices, influencing import costs.
- Innovations in jewelry designs driving demand fluctuations.
- Changes in trade agreements or tariffs impacting import volumes.
