The import of hand-wound wrist watches with cases of precious metal to China is projected to modestly increase over the next five years. The data indicates a gradual yearly rise from 2024 to 2028, increasing from 5.28 to 5.4 thousand units. With the 2023 standing somewhat lower, this trend suggests a stable growth pattern. The average year-on-year growth, though slight, is consistent, with a compound annual growth rate (CAGR) reflecting the steady upward trajectory of consumer interest and luxury goods demand.
Looking ahead, trends to watch include the impact of luxury consumption patterns, potential tariff changes, and shifts in consumer preferences towards wristwatch alternatives like smartwatches. This could influence both the scale and nature of imports moving forward.
