The import of battery-operated wristwatches with base metal cases and mechanical display to India is projected to grow steadily from 2024 to 2028. In 2023, the volume of imports stood at approximately 155 thousand kilograms. The year-on-year forecast from 2024 shows a moderate increase, with percentages ranging from 3.3% to 2.8% annually. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 3.1%, demonstrating consistent growth in demand.
Future trends to watch include shifts in consumer preferences towards smartwatches, potential regulatory changes impacting imports, and economic factors affecting consumer spending. Technological advancements and competitive pricing strategies may also influence the market dynamics in India.
