In 2023, the import value of hand-wound wrist watches with cases made of precious metal or clad with precious metal to France stood at 290.15 million USD. The forecasted data for 2024 to 2028 shows a steady growth trajectory, with a consistent year-on-year increase in import value: 2024 (2.4%), 2025 (2.6%), 2026 (2.5%), 2027 (2.4%), and 2028 (2.2%). Over the five-year period, the compound annual growth rate (CAGR) is approximately 2.4%.
Future trends to watch for include potential fluctuations in global precious metal prices, changes in consumer preferences towards luxury handmade watches, and possible economic shifts impacting spending power in France. Moreover, technological advancements or branding strategies could influence demand dynamics in this niche market.
