In 2023, the import value of battery-operated pocket watches with a base metal case to Italy stood significantly higher compared to forecasted values for subsequent years. A notable downward trend is evident from 2024 to 2028, with yearly import values decreasing consistently. From 2024 to 2025, a decrease of 12.42% is expected, followed by an additional 13.89% in 2026, 15.83% in 2027, and 18.41% by 2028. The compound annual growth rate (CAGR) over this period is expected to highlight a pronounced average annual decline.
Future trends to watch for include technological advancements in wearable technology, shifts in consumer preferences towards smart devices, and potential economic factors impacting discretionary spending, which might further influence the demand for traditional pocket watches in Italy.
