The import value of watch or clock movements to Brazil is projected to decline from 2024 to 2028. Starting at 3.2214 million USD in 2024, a progressive annual decrease is forecasted with a Compound Annual Growth Rate (CAGR) of approximately -6.4%. From 2024 to 2028, the year-on-year percentage decrease remains around 6-7%, signaling a steady downturn. In 2023, the import value was higher, showing a declining trend starting from 2024.

Future trends to watch for include:

Potential impacts of technological advancements in smartwatches on traditional watch component imports.
Shifts in consumer preferences towards wearable technology.
Trade policy changes that may affect import costs.