The forecast for China's import of unassembled or partly assembled complete movements of watches shows a consistent upward trend from 2024 to 2028, with values expected to increase from $85.599 million in 2024 to $97.161 million in 2028. This represents a steady year-on-year growth trajectory, with an average compound annual growth rate (CAGR) over the five-year period. In context, this growth aligns with the increasing demand for luxury and high-end watches in China, fueled by a growing middle class and increased interest in premium timepieces.
Future trends to watch include potential shifts in consumer preferences towards smartwatches, which may affect traditional watch movement imports. Moreover, trade policy changes and exchange rate fluctuations could impact import value trends. Watch industry innovations may also introduce new components influencing the import volume and value.
