In 2024, the import of wrist watches with cases of precious metal or metal clad with precious metal to China is expected to reach 35.25 thousand units. From 2024 to 2028, these imports are forecasted to steadily increase from 35.25 to 36.21 thousand units, representing a modest growth trend. In 2023, the imports stood at similar levels, indicating a consistent demand. The incremental year-on-year growth from 2024 to 2028 suggests a stable market performance, with the annual compound growth rate reflecting a consistent increase over this period.
Future trends to watch for include shifts in consumer preferences towards luxury goods or branded items, potential changes in import tariffs, and the impact of macroeconomic factors in China. The industry should also monitor trends in digital and smart watch technology as they could potentially impact traditional wristwatch demand.
