The forecast for the import of complete and assembled clock movements to Norway indicates a consistent downward trend from 2024 to 2028, with values decreasing from 81.6 thousand USD in 2024 to 47.75 thousand USD in 2028. For context, in 2023 the imports stood at 90.9 thousand USD. The year-on-year variations show a decline of 9.6% from 2024 to 2025, 11.7% from 2025 to 2026, 13% from 2026 to 2027, and 14.7% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period is -11.2%.
Future trends to watch for include potential changes in consumer demand, technological advancements in clock manufacturing, and global trade policies that might affect import costs and volumes. Additionally, shifts toward digital and smart clocks could further influence the demand for traditional clock movements in the coming years.
