The forecast for the re-import of rough movements of watches into China from 2024 to 2028 indicates a steady increase in value from 7.6233 million USD in 2024 to 8.8994 million USD by 2028. As of 2023, the market stood at a notable level, setting a foundation for the forecasted growth. The year-on-year growth from 2024 to 2025 is projected at approximately 4.32%, with similar upward trends expected through to 2028. The Compound Annual Growth Rate (CAGR) over this forecast period shows an average yearly increase of about 3.96%.
Future trends to watch for include:
- Emerging technologies and smart watch advancements influencing the market.
- Trade agreements and policies affecting import dynamics.
- Consumer demand shifts towards luxury and customized timepieces.
- China’s economic growth and its impact on consumer purchasing power.