In 2023, France imported approximately 548.0 thousand watches. From 2024 to 2028, imports are projected to grow moderately, starting from 550.89 thousand items in 2024 to 562.91 thousand items in 2028. Each year, the increase remains steady at around 0.5% to 0.6%. Over this five-year period, the compound annual growth rate (CAGR) is expected to stabilize at about 0.6% annually.
Future trends to watch for:
- Changing consumer preferences that could drive demand for luxury or smart watches.
- Potential trade policies affecting import tariffs on goods.
- Digital and direct-to-consumer sales strategies from watch brands that might impact traditional import methods.
- Economic conditions affecting disposable income, influencing purchasing power for high-end watches.