The import of hand-wound wristwatches with cases of precious metal or metal clad with precious metal to Italy is forecasted to see a steady increase. In 2024, the imports are valued at USD 150.2 million, growing incrementally each year to USD 169.08 million by 2028. Compared to 2023, there is a consistent rise. The year-on-year percentage increase over the last two years averages slightly over 3% annually. As of 2023, actual import value data is not provided but the forecasted trend suggests positive growth outlook.
Future trends to watch for include increasing demand for luxury goods which may be influenced by global economic conditions, changes in consumer preferences towards luxury timekeeping devices, and potential impacts of trade policies or tariffs affecting imports into Italy. Additionally, trends in digital and smart watch technology could compete against traditional watches.
