The data reveals a consistent decline in Brazil's import of watches with cases of base metal or metal clad with base metal from 2024 to 2028. Starting at $33.643 million in 2024, the forecasted values show a steady decrease, reaching $31.657 million by 2028. This represents a negative average variation per year, or CAGR, over these five years, following a similar declining trend. In 2023, the actual imports stood at a slightly higher value than the forecasts indicate for 2024.

Future trends to watch for include:

Shifting consumer preferences towards smartwatches and digital devices may continue to impact traditional watch imports.
Evolving economic conditions in Brazil, such as exchange rates and import tariffs, could further influence import levels.
Emerging markets in metal and technology for watchmaking could introduce competitive pricing, potentially stabilizing or reversing the decline.