Between 2017 and 2021, Brazil's import of hand-wound wristwatches with cases of precious metal saw a steady decline, falling from 207 kg to 53 kg. This reflects a compound annual growth rate (CAGR) of -27.53% over the five-year period. Year-on-year, the largest decrease occurred from 2020 to 2021, with a 41% drop. For 2023, the imports remained low, continuing the downward trend.

Future trends to watch for:

Potential market recovery spurred by increasing demand for luxury goods technology-enhanced watches.
Shifts in consumer preferences toward more sustainable and ethically produced luxury items.
Impact of economic policies and trade agreements on Brazil's luxury watch import market.