In 2023, Italy's import of complete and assembled watch movements with automatic winding stood at a significant level. The forecast indicates a sequential decrease from 2024 to 2028, with imports expected to decline year-on-year by 10.74% from 2024 to 2025, 11.77% from 2025 to 2026, 13.10% from 2026 to 2027, and 14.76% from 2027 to 2028. The compound annual growth rate (CAGR) for these years is negative, reflecting a substantial annual decrease.
Future trends to watch for include:
- Technological advancements in watch manufacturing and design.
- Shifts in consumer preferences towards digital or smartwatches.
- Potential economic factors or trade policies impacting import levels.
- Global trends in luxury goods and shifting production centers.
