The import of wrist watches with cases of precious metal or metal clad with precious metal to India shows a declining trend from 2024 onwards. The forecasted data for 2024 to 2028 indicates a consistent decrease in the value of imports, with a year-on-year decline projected between 0.95% and 1.05%. Compared to the actual import value of 2023, this downturn marks a clear shift in the market trajectory.

A Continuous Assessment of Compound Annual Growth Rate (CAGR) from 2024 to 2028 also emphasizes a negative growth pattern, suggesting an average annual decline across this five-year period.

Future trends to watch for include:

Changing consumer preferences toward smartwatches affecting traditional luxury watch imports.
Fluctuations in precious metal prices impacting the cost and demand for luxury wristwatches.
Evolving trade policies or restrictions influencing import dynamics.