The import of complete and unassembled watch or clock movements to Japan, measured in million US dollars, is projected to experience a steady growth from 2024 to 2028, starting at 61.767 and reaching 67.391. These projections suggest an annual increase in import value, reflecting a positive trend that likely builds on earlier figures. The year-on-year growth rate over the last two forecasted years is approximately 2.5%. The compound annual growth rate (CAGR) over the five-year forecast period is roughly 2.2%, indicating consistent market demand and expansion.
Future trends to watch for include:
- Potential shifts in consumer preferences towards digital or smart watches that could influence demand for traditional movements.
- Impact of global economic conditions and trade policies on the supply chain.
- Technological advancements and innovations in watchmaking that could affect market dynamics.