In 2023, the import value of battery-operated wrist-watches with base metal cases and mechanical displays to the US stood at approximately 1.15 billion USD. The forecast for 2024-2028 indicates a gradual decrease in import value from 1.1281 billion USD in 2024 to 0.99049 billion USD in 2028, reflecting a trend of declining imports over the five-year period. Year-on-year percentage changes indicate this steady decrease, and the compound annual growth rate (CAGR) from 2024 to 2028 suggests an average annual decline.
Future trends to watch for include:
- Technological advancements and consumer preference shifts towards smart and hybrid watches.
- Economic factors such as exchange rate fluctuations and trade policies impacting import dynamics.
- Sustainability trends pushing for new materials and designs in the watchmaking industry.
