Forecast: Import of Watch Movements, Complete and Assembled to the UK

In 2023, the import of complete and assembled watch movements to the UK stood at 16.1 million USD. Over the forecast period from 2024 to 2028, the data indicates a steady annual increase in imports, with the value rising from 16.53 million USD in 2024 to 18.048 million USD in 2028. The year-on-year percentage increase averages around 2-3%. Over the five-year forecast period, the compound annual growth rate (CAGR) is approximately 2.2%, reflecting a consistent upward trend in imports.

Future trends to monitor include:

  • The impact of technological advancements on watch movement demand.
  • Potential shifts in consumer preferences towards smart versus traditional watches.
  • Economic and trade policy changes influencing import tariffs and costs.

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