In 2023, China's import of assembled battery watch movements with mechanical displays stood below the 236.94 million USD forecasted for 2024, demonstrating expected growth. Nonetheless, this positive outlook turns into a downward trend over subsequent years, with projections dropping slightly each year to 211.03 million USD in 2028. Year-on-year analysis reveals consistent declines, suggesting adjusted expectations among importers. The compound annual growth rate (CAGR) over this five-year period reflects an overall negative trend in import values.
Future trends warrant close attention to the rise of smartwatches and their impact on traditional watch components imports. Additionally, shifts in consumer preferences and potential innovations in watch technology could influence demand.
