The import of hand-wound wristwatches with cases made from or clad with precious metal to China is projecting a steady growth trajectory from 2024 through 2028. The values indicate a consistent annual increase, highlighting a healthy demand for luxury watches within the Chinese market. In 2023, the actual import value was slightly lower, establishing a baseline for future forecasts.
Year-on-year growth rates from 2024 to 2028 show a stable climb in value:
- 2024 to 2025: Approximately 2.25% increase
- 2025 to 2026: Roughly 2.17% increase
- 2026 to 2027: About 2.07% increase
- 2027 to 2028: Around 1.99% increase
The five-year compound annual growth rate (CAGR) from 2024 to 2028 suggests a noteworthy average annual growth, confirming positive market momentum.
Future trends to watch for include the continued influence of shifting consumer preferences towards luxury and collectible watches and the potential impact of economic factors on disposable income and consumer spending in China. Additionally, watch for technological advancements in craftsmanship and design, as well as the potential effect of evolving trade policies.
