The data forecasts a significant decline in the import of complete and assembled watch movements with automatic winding to China from 2024 to 2028. Starting at 2.1551 million in 2024, it drops progressively each year to 0.16039 million by 2028. Reflecting on the data from 2023 (not provided here), there is a clear downward trend with major yearly reductions. Year-on-year variations showcase a declining percentage trend, and analyzing over five years shows a considerable negative CAGR. This indicates a shrinkage in imports in this sector, suggesting shifts in market dynamics or local production adjustments.
For the future, it is critical to observe evolving consumer preferences and local watchmaking capabilities, alongside changes in trade policies that could impact import levels. The luxury and smart watch sectors could be areas where different trends may emerge within the industry.
