In 2023, China’s wrist watch exports stood at an actual value of 64.8 million units. The forecast data from 2024 to 2028 shows a consistent, albeit slow, growth trajectory with the volume increasing from 64.97 million units in 2024 to 65.68 million units in 2028. The year-on-year growth rates remain steady, indicating a minimal increase, reflecting moderate demand stability in international markets. The compound annual growth rate (CAGR) over the five-year forecast period is relatively flat, suggesting a mature market with limited growth spurts expected.
Future trends to watch for:
- Technological advancements in smartwatches affecting traditional wristwatch demand.
- Trade policy impacts due to geopolitical tensions potentially altering export dynamics.
- Consumer preferences shifting towards sustainability and eco-friendly products.
- Collaborations between luxury and tech brands introducing innovative watch products.
