The re-import of battery-operated clocks with watch movements to China is on a declining trend from 2024 to 2028, falling from 8.9 to 3.53 thousand US dollars. This indicates a diminishing interest or necessity for these products in the Chinese market. In 2023, the re-import value was moderately higher but the current forecasts show a substantial decrease over the coming years.
Key Highlights:
- Year-on-year decline from 2024 to 2025 is 15.6%.
- 2025 to 2026 sees a decline of 18.0%.
- 2026 to 2027 shows a drop of 21.6%.
- 2027 to 2028 continues with a 26.9% decrease.
- The five-year CAGR is negative, indicating an average annual decline.
Looking forward, trends to monitor include technological advancements that may diminish the need for re-imports or shifts in consumer preferences towards different types of timekeeping devices, impacting demand further.
