The UK imports of hand-wound wrist watches with cases of precious metal or metal clad with precious metal are projected to decline steadily from 2024 to 2028. In 2023, the imports stood at 9.34 thousand kilograms. The forecast data reveals a year-on-year decrease: 5.55% in 2025, 5.88% in 2026, 5.98% in 2027, and 6.23% in 2028. The compound annual growth rate (CAGR) from 2023 to 2028 indicates an average annual decrease of 5.82%.
Future trends to watch for include:
- Changing consumer preferences towards digital and smart watches.
- Economic factors and currency fluctuations influencing import costs.
- The impact of trade policies on precious metal imports.
- Sustainability trends affecting luxury goods production.
