In 2023, the import volume of battery-operated wrist-watches with base metal cases and opto-electronic displays to India was approximately 6.77 thousand kilograms. According to the forecast, from 2024 to 2028, there is a steady decline in import values year-on-year. From 2024 to 2025, the value decreases by 4.8%. Subsequent years see further reductions by 4.9% (2025 to 2026), 5.0% (2026 to 2027), and 5.2% (2027 to 2028). Over the five-year period, the compound annual growth rate (CAGR) is projected to be -4.9%, indicating a downward trend in imports.
Future trends to watch for include technological advancements that may affect demand or supply chains of such watches, shifts in consumer preferences towards smartwatches or fitness trackers, and any potential trade policy changes impacting imports.
