The import of assembled battery watch movements with mechanical displays to China is projected to increase gradually from 2024 to 2028, growing from 326.87 million USD to 329.7 million USD. Year-on-year, this reflects modest growth rates ranging between roughly 0.22% to 0.25%. The compound annual growth rate (CAGR) over this period is approximately 0.21% per annum.
Future trends to watch for include:
- The impact of technological advancements in watch manufacturing, which may alter demand for specific types of movements.
- Consumer preference shifts towards smartwatches, potentially affecting mechanical watch imports.
- Changes in trade policies and tariffs impacting import costs and growth rate.