The import of complete and assembled watch movements to China in 2024 is forecasted at $281.81 Million, declining annually by an average of 4.76% over the next four years, reaching $225.69 Million by 2028. In 2023, actual imports stood at $296.00 Million. The year-on-year decline signifies a consistent downward trend, reflecting potential shifts in market demand or emerging substitutes. The CAGR from 2024 to 2028 is approximately -5.35% per annum.
Future trends to watch for include technological advancements in smartwatch movements, potential economic policies affecting luxury imports, and evolving consumer preferences towards digital wearables, which might further impact traditional watch movement imports.
