In 2023, the import value of battery-operated wrist-watches with base metal cases and mechanical displays to the US stood at a reference point before the decline projected for subsequent years. Starting in 2024 at 130.36 million, the forecast shows a steady year-on-year decrease, reaching 78.32 million by 2028. This indicates a year-on-year decrease, with a rough estimate of declining demand or market penetration issues for such products in the US.
The compound annual growth rate (CAGR) from 2024 to 2028 reflects an average annual decrease in import value, highlighting ongoing challenges in the market.
Future trends to watch include potential shifts in consumer preferences towards smartwatches, innovations in wrist-wear technology, and possible impacts of trade policies. Monitoring these will provide insights into the evolving market dynamics.
