In 2023, the import value of complete and assembled watch movements with automatic winding to the US was recorded at approximately $12.363 million USD. From 2024 to 2028, the forecast shows a steady year-on-year growth, starting at $12.618 million USD in 2024 and reaching $13.623 million USD by 2028. This indicates a consistent annual increase in the range of 2% on average over these years, demonstrating a positive trend in imports of such watch movements.
Future trends to watch for in this market include:
- Potential shifts in consumer preferences towards smart watches, which may impact traditional watch imports.
- Fluctuations in exchange rates or trade policies that could influence import costs and volumes.
- Technological advancements in watch movements that could affect the market dynamics.