The import of clock or watch dials to Indonesia experienced a downward trend from 2023. In 2023, the import volume was at 10.05 thousand kilograms. Forecasted data indicates a continual decline: 9.28 thousand kilograms in 2024, 8.54 in 2025, 7.81 in 2026, 7.1 in 2027, and 6.4 in 2028.
Key Trends:
- Year-on-year variation shows a consistent decrease: -7.6% from 2023 to 2024, -8% from 2024 to 2025, -8.5% from 2025 to 2026, -9.1% from 2026 to 2027, and -9.9% from 2027 to 2028.
- The compound annual growth rate (CAGR) over the last five years is approximately -8.62%, indicating a significant declining trend.
Future Trends to Watch For:
- Potential shifts in consumer preferences towards smartwatches or digital devices, which could further decrease demand for traditional clock or watch dials.
- Economic factors influencing import capabilities, such as changes in trade policies or currency fluctuations.
- Technological advancements in timekeeping devices and changes in manufacturing processes.
