In 2023, Thailand's imports of assembled battery watch movements with mechanical displays stood at an actual value of below 265.07 thousand US dollars. The forecast for the subsequent years indicates a steady growth in imports, reaching 312.6 thousand US dollars by 2028. The year-on-year variations show a consistent increase: 4.63% from 2024 to 2025, 4.32% from 2025 to 2026, 4.07% from 2026 to 2027, and 3.84% from 2027 to 2028. The compound annual growth rate (CAGR) over the next five years is anticipated to be around 4.2%.
Future trends to watch for include the impact of technological advancements in watch movements, changes in consumer preferences towards smartwatches versus traditional mechanical display watches, and potential economic shifts within Thailand and its trade partners that could affect import levels. Additionally, monitoring currency exchange rates and any government import regulations will be crucial for predicting and understanding future import trends.
