The import of mechanical pocket-watches with a base metal case into Italy is projected to decrease steadily from 2024 to 2028. In 2023, actual import volumes stood at 47.18 thousand kilograms. The forecast for 2024 shows a decrease of 8.05% compared to 2023. The trend continues with year-on-year declines: 2025 (8.17%), 2026 (8.72%), 2027 (9.38%), and 2028 (10.11%). The five-year CAGR from 2024 to 2028 is projected at -8.89%, indicating a significant average annual decrease in import volumes.
Future trends to watch for:
- Consideration of consumer preferences shifting towards digital alternatives.
- Potential impacts of trade policies or bilateral agreements affecting imports.
- Technological advances possibly influencing the watch industry.
