The import of watch straps and parts of base metal to the UK is set to increase gradually from $9.0197 million in 2024 to $10.152 million in 2028. Considering the absence of 2023 data, the forecast reflects anticipated growth trends for these years. The annual growth rate from 2024 to 2028 averages around 3%, indicating a steady increase in imports.
Key future trends to watch for include:
- Global economic factors affecting trade costs and demand.
- Technological advancements in watch-making impacting metal parts demand.
- Changing consumer preferences towards digital and smartwatches.
