In 2023, the import of mechanical pocket-watches with a precious metal case to Brazil stood at 11.86 thousand units. Forecasts from 2024 onward predict a steady increase in imports, with values projected to reach 14.21 thousand by 2028. Year-on-year variations indicate a gradual increase, with each year showing approximately a 4% rise. This consistent growth results in a compound annual growth rate (CAGR) of around 3.75% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Shifts in consumer preferences towards smartwatches, which could impact traditional watch imports.
- Potential changes in trade policies or tariffs that might affect the import landscape for luxury goods.
- Economic fluctuations in Brazil, influencing disposable income and spending on luxury items.