In 2023, the import of mechanical pocket-watches with a precious metal case to India was estimated at a lower value compared to the projected data for 2024-2028. The forecasted values show a steady increase from 2024's figure of 2.7356 million to 3.3144 million in 2028. The year-on-year growth indicates consistent upward momentum, with noticeable percentage increases each year—approximately 5.5% from 2024 to 2025, and continuing steadily through to 2028. Over the five-year horizon, the compound annual growth rate (CAGR) is projected to be reflecting a stable growth pattern.
Future trends to watch include the impact of global economic conditions on luxury imports, shifts in consumer preferences toward vintage and luxury timepieces, and the influence of trade policies affecting precious metals. Additionally, technological advancements in horology could affect demand dynamics over the long term. Monitoring these factors could provide deeper insights into the evolving landscape of the mechanical watch market in India.
