In 2023, the import of clock or watch plates and bridges to China stood at approximately 32.78 million USD. From 2024 to 2028, the forecasted data shows a steady increase in imports. The year-on-year percentage increase is consistent, starting from a growth rate of approximately 3.08% in 2025 compared to 2024, gradually rising to around 2.64% by 2028. The compound annual growth rate (CAGR) is projected to be around 2.85% over the five-year period. This indicates a healthy growth trajectory for this import segment in China.
Future trends to watch for include:
- The impact of global economic shifts on China's demand for timekeeping components.
- Technological advancements in watchmaking that may affect import levels.
- Trade policy changes that could influence import dynamics and pricing.