The forecast for the import of assembled battery watch movements with opto-electric display into Brazil from 2024 to 2028 shows a steady decline from 3.8 thousand kilograms in 2024 to 2.58 thousand kilograms in 2028. The year-on-year percentage decreases consistently, and the five-year CAGR indicates an average annual decrease of 7.3%. As of 2023, the imports were higher, indicating a downtrend in the import volume forecasted over the next five years.
Future trends to watch for include:
- Increasing domestic production capabilities in Brazil reducing reliance on imports.
- Changing consumer preferences potentially driving demand for alternative types of watch movements.
- Impact of emerging technologies and smartwatches on traditional watch components market.
- Economic factors and trade policies affecting import activities.