From 2013 to 2023, the import of synthetic and reconstructed jewellery stones to Australia experienced fluctuations, especially between 2013 and 2016. Significant growth occurred from 2016 to 2018, peaking in 2018 with $1,342.6 thousand. Although experiencing a minor setback in 2020, imports regained momentum, reaching $1,423.6 thousand in 2023. The YoY variation over the past two years was 3.05% (2022) and 2.9% (2023), with the last five years’ CAGR averaging 1.18%.
Future trends to watch for:
- The forecast suggests a steady growth rate with a five-year CAGR of 2.16% and an overall predicted growth rate of 11.28% by 2028.
- Monitoring global market dynamics and technological advances in synthetic and reconstructed jewellery stones manufacturing will be crucial.
- Fluctuations in global trade policies and currency exchange rates could impact import values.
