The forecast for the import of complete movements of watches, either unassembled or partly assembled to Japan, shows a steady rise from 2024 through 2028. Starting at $1.4438 million in 2024, the imports increase incrementally each year, reaching $1.5034 million by 2028. This consistent upward trend suggests growing demand or possibly an increase in market activity related to these products.
The year-on-year percentage variations indicate a stable growth trajectory, suggesting a consistent demand in the Japanese market. The 5-year compound annual growth rate (CAGR) reflects the average variation in import value over this period.
Future trends to watch include potential shifts in consumer preferences towards smartwatches, which might influence the import dynamics of traditional watch movements. Additionally, changes in trade policies and currencies could impact the cost structures and import levels in the upcoming years.
