The import of clocks, watches, and parts thereof to Norway is forecasted to increase gradually from 105.37 million USD in 2024 to 111.46 million USD in 2028.
Analyzing the year-on-year variation:
- From 2024 to 2025: 1.49%
- From 2025 to 2026: 1.43%
- From 2026 to 2027: 1.39%
- From 2027 to 2028: 1.34%
Over the last two years, the average increase per year was roughly 1.47%.
The Compound Annual Growth Rate (CAGR) over the next five years is expected to be around 1.35%.
The value stood at approximately 103.85 million USD in 2023. The forecast indicates a steady but slow growth in the market.
Future trends to watch for include potential shifts in consumer preferences towards smartwatches, advancements in technology affecting traditional watches, and economic factors influencing disposable income and luxury spending in Norway. Keeping an eye on global trade policies and supply chain dynamics will also be crucial.
