The forecasted import values for Mechanical Clocks Movements, Complete and Assembled, indicate a steady decline in Canada from 2024 to 2028. The data shows year-on-year reductions, with a slight decrease from 2023’s benchmark. Comparing 2024 to 2025 results in an approximate 7.9% decrease, continuing with 8.4% from 2025 to 2026, around 9.0% from 2026 to 2027, and a 9.7% reduction from 2027 to 2028. The average CAGR over these five years stands at approximately -8.0%.
Future trends to watch include potential shifts in consumer preferences towards digital timepieces or smart devices that could further reduce the demand for mechanical clock movements. Additionally, monitoring global tariff policies and exchange rates could significantly impact import dynamics.
