The import of assembled incomplete movements of watches to Japan is projected to decline gradually from 2024 to 2028, starting at 31.07 thousand kilograms in 2024 and falling to 30.14 thousand kilograms by 2028. The forecast suggests a consistent yearly decrease, with the total decline over this period representing a slight contraction in demand or domestic production adjustments.
The last two years, from 2024 to 2026, reflect a year-on-year average decline of approximately 0.42%. Over the five-year forecast period from 2024 to 2028, the compound annual growth rate (CAGR) indicates a more sustained decrease in value, marking an average annual contraction of 0.6%.
Key trends to watch include:
- Potential shifts in consumer preferences that could impact demand for incomplete movements.
- Technological advancements in the watch industry influencing production dynamics.
- Changes in trade policies or economic conditions affecting import levels.
