In the forecast period from 2024 to 2028, the import of watches with cases made of precious metal or clad with precious metal to China is expected to rise steadily from $404.52 million in 2024 to $435.49 million in 2028. Between 2024 and 2025, a year-on-year increase of approximately 1.97% is anticipated, followed by a 1.89% rise from 2025 to 2026. From 2026 to 2027, the import value is projected to grow by 1.82%, and a similar 1.76% increase is expected from 2027 to 2028. Over this five-year period, the compound annual growth rate (CAGR) is approximately 1.88%.
Future trends to watch for include:
- The impact of China's economic growth and consumer spending on luxury items.
- The effects of global trade policies and tariffs on imports.
- Shifts in consumer preferences towards digital and smartwatches.
- Potential influence of emerging luxury markets and domestic competition in China.
