The import of battery-operated wrist-watches with base metal cases and mechanical displays to India is projected to grow steadily from 2024 to 2028, reaching $99.337 million by 2028. In 2023, imports stood at $79.452 million, indicating an upward trend in demand.
The year-on-year growth rates are approximately 5.06% for 2024, 5.06% for 2025, 4.74% for 2026, 4.42% for 2027, and 4.15% for 2028. The compound annual growth rate (CAGR) over the five-year period is projected to be around 4.68%.
Trends to watch for include changes in consumer preferences towards smartwatches, potential shifts in trade policies, and fluctuations in currency exchange rates which may impact import volumes and values.
