The import of clock or watch plates and bridges to India is forecasted to steadily increase from 50.83 thousand kilograms in 2024 to 58.65 thousand kilograms in 2028. In comparison to the 2023 benchmark, these values signal a consistent annual growth trend. Year-on-year analysis reveals an average increase of approximately 3.5% in import volume, while the CAGR over the last 5 years stands at 3.6%.
Future trends to watch for include changes in global trade policies, fluctuations in raw material prices, advancements in domestic manufacturing capabilities, and shifts in consumer preferences towards digital timekeeping solutions. Any developments in these areas could significantly impact import volumes in the coming years.
