In 2023, the re-import of rough movements of watches to China stood at 2.25 thousand kilograms. Forecasts from 2024 to 2028 show a steady increase, with year-on-year growth ranging from 2.16% in 2024 to 1.63% in 2028.
The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at approximately 1.65%, indicating moderate and consistent growth in the re-import volumes. This trend reflects a gradual increase in demand, likely driven by the recovery of the luxury watch industry and China's robust manufacturing capabilities.
Future trends to watch for:
- Shifts in global watch manufacturing that could impact China's re-import volumes.
- Potential changes in consumer preferences within China, influencing demand.
- Economic policies or trade agreements affecting the luxury goods market.