The import of jewellery of precious metal to Mexico showed a fluctuating trend from 2013 to 2023, peaking in 2015 and then experiencing a significant drop in 2016. After a general decline until 2020, the market began to recover slowly from 2021 onwards, reaching a value of 460.8 million USD in 2023. The year-on-year variation for 2022 was 0.63%, and for 2023 it was 0.61%, demonstrating a slow but steady growth. The CAGR over the last five years leading up to 2023 was 0.38%.
Looking into the future, the anticipated imports are forecasted to grow modestly from 2024 to 2028, with a projected average CAGR of 0.49% and a forecasted 5-year growth rate of 2.49%. Key trends to watch include emerging consumer preferences for sustainable and ethically produced jewellery, potential economic fluctuations, and changes in international trade policies affecting import dynamics.
