The import of assembled incomplete movements of watches to China is projected to grow consistently from 2024 to 2028, with an increase from 30.699 million US dollars in 2024 to 36.07 million US dollars in 2028. In 2023, the import value stood slightly lower, illustrating a steady upward trend in the market.
Year-on-year growth rates for the upcoming years indicate a moderate but stable increase, providing confidence in the continued demand for watch components in the market. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) further reflects this stable market uplift.
Future trends to watch for include technological advancements in watch manufacturing, potential changes in consumer preferences towards smartwatches, and any fluctuations in trade policies that may impact import dynamics.
