The re-import of battery-operated wrist-watches with a base metal case and opto-electronic display to Canada is forecasted to increase steadily from 2024 to 2028, starting at 1.37 and reaching 1.72 thousand units. Estimated year-on-year growth from 2024 through 2028 ranges around 5% to 6%. In 2023, the market value stood at 1.30 thousand units, showing an overall positive growth trajectory.
The Compound Annual Growth Rate (CAGR) forecasted from 2024 to 2028 is significant, suggesting continuous yearly increases and highlighting a growth sector in the Canadian market.
Future trends worth monitoring include technological advancements in watch functionality, consumer preferences for smart versus traditional watches, and the potential impacts of new trade regulations or tariffs on re-import activities.
