The forecasted re-import of watch straps and parts made of leather or plastic to the UK displays a consistent decline from 2024 to 2028. Starting from a volume of 11 kilograms in 2024, it diminishes annually, reaching 7.13 kilograms by 2028. This represents a significant year-on-year percentage decrease, averaging a Compound Annual Growth Rate (CAGR) of -10% based on the previous five years.
Future trends to watch for:
- Potential impacts from sustainability trends, as consumers demand eco-friendly products, potentially affecting plastic imports.
- Technological advancements in smartwatches may shift consumer preferences away from traditional watch components, further reducing demand.
- Trade policies post-Brexit that could influence import tariffs and trade volume.