The projected import volume of hand-wound wrist-watches with base metal cases to Germany shows a declining trend from 2024 to 2028. Starting at 4.31 thousand kilograms in 2024, the import volume decreases steadily, reaching 2.85 thousand kilograms in 2028. This marks a year-on-year reduction, reflecting a compound annual growth rate (CAGR) of approximately -10.2% over the forecasted period. Compared to 2023, which recorded a significant volume, this decline highlights shifting market dynamics or consumer preferences.
Future trends to watch include:
- Potential shifts towards digital or smart wrist-watches which may further diminish the demand for traditional models.
- Changes in consumer behavior driven by eco-friendly or sustainable alternatives to metal-cased timepieces.
- Economic factors affecting consumer spending power and import capabilities in Germany.