In 2023, the import value of complete movements of watches unassembled or partly assembled to the US was recorded at 1.63 million USD. Forecasts from 2024 to 2028 predict a steady annual increase in import values, starting at 1.6943 million USD in 2024, reaching 1.8748 million USD by 2028. Year-on-year variations exhibit a consistent upward trend, with growth rates slightly increasing each year.
Key future trends to watch for include:
- Potential shifts in consumer preferences towards smartwatches affecting traditional watch imports.
- Regulatory changes impacting trade and import dynamics in the US watch market.
- The influence of global manufacturing trends on the supply chain dynamics of watch components.