The import of assembled battery watch movements with a mechanical display to Japan is forecasted to experience a declining trend from 2024 to 2028. Starting at USD 37.688 million in 2024, it is anticipated to decrease to USD 35.411 million by 2028. In comparison to 2023, the trend shows a consistent year-on-year decline. The compounded annual growth rate (CAGR) over the next five years reveals a -1.24% decline per annum, indicating a general downturn in imports.
Future trends to watch include:
- The impact of technological advancements on traditional watch imports.
- Potential shifts in consumer preferences towards digital and smartwatches.
- Global economic conditions affecting the luxury goods market.
