As we assess the forecast for Japan's import of parts of watch cases from 2024 to 2028, we see a consistent annual increase in volume, starting at 34.72 thousand kilograms in 2024 and projected to reach 37.64 thousand kilograms by 2028. This reflects a steady positive year-on-year percentage change over the forecast period.
In 2023, the import volume stood at approximately 34.00 thousand kilograms, indicating a continuous growth trend since then. The compound annual growth rate (CAGR) over the five-year forecast period is indicative of a healthy market expansion, underlining Japan's constant demand for watch case parts.
Future trends to watch for include technological advancements in watch manufacturing, which may influence the quality and type of parts imported. Additionally, shifts in consumer preferences towards smartwatches may impact the traditional watch market, possibly affecting import patterns.
