In 2023, the value of watch cases and parts imported to Brazil stood at approximately 47.426 million US dollars. Forecast data indicates a steady, albeit slight, increase in the value of imports over the next five years, with the value reaching 47.462 million US dollars by 2028. The year-on-year variation from 2024 to 2028 shows a minimal growth trend of approximately 0.02% to 0.022% each year. The Compound Annual Growth Rate (CAGR) for the forecast period from 2023 to 2028 is relatively low, indicating a market that is experiencing marginal growth.
- 2024: $47.426 million
- 2025: $47.435 million
- 2026: $47.445 million
- 2027: $47.454 million
- 2028: $47.462 million
Future trends to watch for include the potential impact of global economic conditions, currency exchange rate fluctuations, and changes in consumer preferences towards digital and smartwatches, which could affect traditional watch component imports. Additionally, trade policies and local production capabilities may also influence the import values in this segment.
