The forecasted imports of Clocks, Watches and Parts Thereof to Indonesia from 2024 to 2028 show a consistent year-on-year growth. In 2023, the actual import value stood at $236.63 million. Starting in 2024, the import value increases steadily from $247.39 million to $291.86 million by 2028. This reflects an average compound annual growth rate (CAGR) of approximately 4.23% over the forecast period.
Year-on-year, the variations are as follows:- 2024: +4.54%- 2025: +4.62%- 2026: +4.32%- 2027: +4.09%- 2028: +3.85%
Future trends to watch for include the potential impact of changes in consumer preferences towards smartwatches and wearable technology, economic conditions that might influence disposable income, and trade policies that could affect import regulations and tariffs in Indonesia.
