In 2023, Canada imported complete and assembled watch movements valued at $3.7 million. Forecasts indicate a steady growth trend from 2024 to 2028, with the import value rising from $3.86 million to $4.25 million. This represents a compound annual growth rate (CAGR) of approximately 2.4% over the five-year forecast period. The year-on-year increase is consistent, hovering around 2.5% each year.

Future trends to monitor include:

Potential impacts of global supply chain disruptions on imports.
Fluctuations in consumer demand for watches, driven by technological advancements in wearable devices.
Changes in trade policies affecting import tariffs on watch parts.