In 2023, Italy imported a volume of battery-operated wrist-watches with base metal cases and mechanical displays that stood at approximately 380 thousand kilograms. The forecasted data from 2024 to 2028 indicates a downward trend, with imports expected to decline steadily. Specifically, the volumes are projected to decrease from 349.3 thousand kilograms in 2024 to 227.08 thousand kilograms by 2028. Over this period, the compound annual growth rate (CAGR) suggests an average annual reduction rate in import volumes.
Year-on-year analysis shows significant decreases of approximately 9% from 2024 to 2025, 9.7% from 2025 to 2026, 10.5% from 2026 to 2027, and 11.5% from 2027 to 2028. This highlights a consistent contraction trajectory in recent years.
Future trends to watch for include technological advancements in wrist-watch manufacturing, particularly in smartwatches, which may further impact the demand for mechanical battery-operated watches. Additionally, shifts in consumer preferences toward premium and luxury timepieces could influence market dynamics, emphasizing a focus on quality over quantity. Economic factors, such as potential changes in import tariffs or shifts in currency valuation, might also play crucial roles in shaping the import landscape in the coming years.
