The import of watches and clocks to France has experienced notable fluctuations from 2013 to 2023. In 2023, imports stood at 32.856 million items. Over this period, the year-on-year variation reflected periods of both increases and declines, with significant reductions in 2020 (-21.55%) and modest growths in subsequent years, such as 2021 (+8.02%) and 2022 (+8.61%). The compound annual growth rate (CAGR) over the past five years (2018-2023) averaged -1.35%, indicating a slight decline in imports.
Looking ahead, from 2024 onwards, the forecast suggests a consistent downward trend, with imports projected to decrease to 26.739 million items by 2028. The forecasted five-year CAGR is -3.29%, translating to a -15.41% overall decline over the period. This reflects a shift in market dynamics and consumer preferences, or potential trade and economic influences.
Future trends to watch for include advancements in smartwatches potentially impacting traditional watch imports, changes in consumer behavior towards digital timekeeping, and economic factors such as tariffs, trade agreements, and currency fluctuations influencing import volumes.
