The US import of hand wound wristwatches with cases of precious metal or metal clad with precious metal is projected to show a declining trend from 2024 through 2028. From a forecasted value of 29.65 thousand in 2024, the figure decreases to 21.71 thousand by 2028. This represents a decrease year-by-year both in absolute and percentage terms, indicating a consistent yearly decline.
The year-on-year variation highlights a steady percentage reduction: 6.9% in 2025, 7.2% in 2026, 7.7% in 2027, and 8.1% in 2028. Over the five-year period, the compound annual growth rate (CAGR) stands negative, demonstrating average annual contraction.
Future trends to watch for include potential shifts in consumer preferences towards digital or smart watches, impacting demand for traditional hand wound wristwatches. Moreover, economic conditions affecting disposable income or luxury spending might further drive the demand downward.
