In 2023, the import value of mechanical pocket-watches with a base metal case to China was not specified, but the forecast for 2024 is 2.4776 million US Dollars. The forecast data suggests a steady growth in imports over the next five years.
The projected year-on-year increase from 2024 to 2028 illustrates a consistent upward trend: 2025 shows a growth of 4.86%, 2026 shows a 4.53% rise, 2027 follows with a 4.26% increase, and 2028 reflects a 4.00% increase. Over the five-year period, the compounded annual growth rate (CAGR) is approximately 4.41%, indicating moderate and steady growth in demand.
Future trends to watch for:
- Rising consumer interest in vintage and classic timepieces could boost import demand further.
- Technological innovation in mechanical watches may drive consumer preferences.
- Economic conditions and consumer spending power in China could influence import dynamics.