In 2023, the import of watch cases of precious metal or of metal clad with precious metal to Canada stood at slightly over 15.47 thousand US dollars. From 2024 to 2028, the value is forecasted to continuously decline, reaching 9.68 thousand US dollars by 2028. The year-on-year decrease estimates an approximate reduction of 10% to 12% annually. This ongoing trend reflects a Compound Annual Growth Rate (CAGR) of approximately -9.08% over the five-year forecast period.
Future trends to watch for include:
- Changing consumer preferences towards smartwatches may further reduce demand for traditional watch cases.
- Fluctuations in metal prices could impact the cost and subsequent import volumes.
- Shifts in trade policies or tariffs due to international relations might also affect import dynamics.
