The import of complete and assembled watch movements with automatic winding to Germany is projected to steadily increase from 2024 to 2028, starting at 3.71 thousand kilograms in 2024 and reaching 4.06 thousand kilograms by 2028. This trend continues from the actual import of 3.63 thousand kilograms recorded in 2023, showing a consistent annual growth trend.
The year-on-year percentage variation showcases moderate growth: 2024 to 2025 sees a 2.43% increase, 2025 to 2026 a 2.37% rise, 2026 to 2027 shows 2.06% growth, and 2027 to 2028 experiences a 2.27% rise. The compound annual growth rate (CAGR) over the five-year period, from 2023 to 2028, is approximately 2.25%.
Future trends to watch for include technological advancements in watch manufacturing, changes in consumer preferences, and shifts in global trade regulations. These factors could impact the volume and growth rate of watch movements imported into Germany. Economic conditions and the strength of the Euro may also play a significant role in future import trends.
