The import of mechanical pocket-watches with a precious metal case to Canada is projected to see a modest upward trend from 2024 to 2028, with values rising from 6.37 to 7.59.
In 2023, the value stood at 6.00, making the year-on-year growth from 2023 to 2024 approximately 6%. Subsequent annual increases average around 4.8%, reflecting a steady climb in imports.
The compound annual growth rate (CAGR) from 2024 to 2028 is estimated to be around 4.5%, signaling sustainable growth.
Future trends to watch for include potential changes in consumer preferences towards vintage and luxury timepieces, which could drive demand. Additionally, any fluctuations in global precious metal prices or trade policies might impact import volumes or values.
