The import value of battery-operated wrist watches with cases of precious metal to China is forecasted to decline steadily from 2024 to 2028, starting at 7.44 thousand and diminishing to 5.35 thousand. In 2023, the value stood higher, indicating a consistent downturn. Year-on-year variation shows a declining trend, with negative percentage drops each subsequent year, indicating a decreased demand or greater competition within this segment. The Compounded Annual Growth Rate (CAGR) over these five years is negative, further emphasizing the downward trend.
Looking ahead, key factors to watch include shifts in consumer preferences towards smart watches, economic conditions affecting luxury item purchases, and potential changes in trade policies impacting import costs. Innovations in technology and changes in fashion trends could also influence demand.
