The forecast shows a steady decline in the import of battery-operated wrist-watches with base metal cases and mechanical displays to Japan from 2024 to 2028 in millions. Compared to 2023, where the import value stood at 15.5 million, the projected year-on-year decreases are moderate, reflecting a yearly compounding decline rate. Specifically, the average annual contraction rates of 2024 to 2028, translated into a Compound Annual Growth Rate (CAGR), indicate a decrease trend stakeholders should monitor.
Future trends to watch for include advancements in smartwatch technology affecting mechanical display watch interest, potential changes in consumer preferences leaning towards sustainability and tech innovations, and fluctuating geopolitical factors affecting trade policies. Such elements may further impact the import trends in this segment.
