In 2023, the actual import value for battery-operated wristwatches with cases made of precious metal or metal clad with precious metal to India stood at 18.3 million USD. Forecasted data suggests a steady increase over the next five years, with values reaching 21.467 million USD by 2028. This represents a compound annual growth rate (CAGR) of approximately 3.02% from 2024 to 2028. Year-on-year growth indicates consistent positive variations, suggesting a stable demand for such watches in India.
Future trends to watch for include:
- Shifts in consumer preferences towards luxury items.
- Exchange rate fluctuations affecting import costs.
- Potential impact of trade policies on imports.
- Technological advancements in smartwatch integration.
