In 2023, the import of complete movements of watches unassembled or partly assembled to Japan stood at 1.32 thousand kilograms. The forecast data from 2024 to 2028 projects a steady increase in imports, from 1.34 to 1.41 thousand kilograms. The year-on-year growth rates fluctuate between 1.4% to 1.5%, indicating a stable interest and demand. The compound annual growth rate (CAGR) over this period is approximately 1.4%, showcasing gradual expansion.
Future trends to watch for include technological advancements in watch movements that may spur higher imports and potential economic policies or trade agreements affecting Japan’s import practices, possibly promoting or hindering growth in this market.
