As of 2023, the import value of mechanical pocket-watches with a precious metal case to China stood at 415.67 thousand USD. Forecasts for 2024-2028 predict a consistent annual decline in import value, with a value of 392.88 thousand USD in 2024, decreasing to 304.43 thousand USD by 2028. This shows a strong downward trend, indicating diminishing interest or affordability for such luxury items.
Key trends and factors to watch in the future:
- Shifting consumer preferences towards smartwatches and tech-integrated wearables that could further affect luxury pocket-watch imports.
- Changes in China’s luxury goods import policies and tariff regulations that may impact market dynamics.
- Economic fluctuations that could influence discretionary spending on luxury items like mechanical pocket-watches.
