Based on the forecast data, the import of watch or clock movements, complete and unassembled to India, is expected to increase from 8.0852 million USD in 2024 to 9.0586 million USD by 2028. This indicates a gradual upward trend each year. The forecasted year-on-year percentage variations from 2024 to 2025 show a 3.1% increase, from 2025 to 2026 a 2.95% increase, from 2026 to 2027 a 2.81% increase, and from 2027 to 2028 a 2.67% increase. The Compound Annual Growth Rate (CAGR) over this five-year period is approximately 2.89%.
For future trends, watch for potential impacts of technological advancements on the watch and clock industry, shifts in consumer preferences towards smartwatches and digital devices, and any changes in trade policies or economic conditions that could affect import volumes and values. Additionally, monitoring investments and developments within the domestic watch and clock manufacturing sector could provide further insights into future import demands.
