GOING GLOBAL (Importing)

PURCHASE POWER

100

PURCHASE POWER

a measure of the relative buying power of different economies.

200

HOW IS IT CALCULATED?

calculated using purchasing power parity (PPP), which is a way to compare prices across countries.

300

What are the benefits of global purchasing power?

• PPP-based metrics avoid market exchange-rate fluctuations. 
  PPP allows economists to compare economic productivity and standards of living between countries

  
  

RAW MATERIALS

100

Global raw jewelry market driven by?

Market size: The global jewelry market was valued at $256.81 billion in 2023.

• The market is expected to grow to $494.89 billion by 2032.
• The Asia Pacific region is expected to dominate the market.

Market drivers

• Rising disposable incomes: Consumers in developing countries are buying more luxury jewelry.
• Fashion trends: Consumers are looking for unique and personalized jewelry.
• E-commerce: Online sales platforms are becoming more popular. 

  Raw material prices: The price of gold and platinum affects the luxury jewelry market. 

  Market trends Cross-cultural jewelry: There is an increasing demand for jewelry that crosses cultural boundaries. 

  
  

  
  

  
  Online sales: The gap between online and in-store sales is narrowing.
  
  
  Personalized jewelry: Consumers are looking for unique designs and craftsmanship.
  
  
  

200

Global herbal medicine raw materials growth

global herbal medicine market size was valued at USD 233.08 billion in 2024. The market is projected to grow from USD 251.25 billion in 2025 to USD 437 billion by 2032, exhibiting a CAGR of 8.23% during the forecast period.

300

Why is the global market for raw materials growing?

global raw materials market is growing in several industries, including IVD, cosmetics, agriculture, and energy. The growth is driven by factors such as increasing demand, technological advancements, and environmental concerns.

VARIETY

100

importing a variety of products instead of one impact on your company?

refers to the diverse range of goods and products that a country can import from different parts of the world, allowing consumers to access a wide selection of options with different features, qualities, and origins, which is often considered a significant benefit of international trade due to the increased consumer choice and potential for better prices due to competition across various markets

200

Consumer benefits for your company

consumers can choose from a wider variety of goods based on their specific needs and preferences, including different styles, brands, and quality levels.

300

Market access for your company means what?

importing from multiple countries allows access to unique products that might not be available domestically, opening up new market opportunities.