The forecasted import of watch cases of precious metal to Canada shows a consistent decrease from 2024 to 2028. Starting at 364.46 units in 2024, the value falls progressively by 34.18 units by 2025, 33.50 units by 2026, 32.83 units by 2027, and a further 32.18 units by 2028. These year-on-year declines represent significant decreases of approximately 9.4% annually. The Compound Annual Growth Rate (CAGR) over this period reflects an average annual decline of approximately 10.4% over five years compared to 2023.
Future trends to watch for include potential impacts from technological advancements in watch manufacturing. Additionally, changes in consumer preferences towards smartwatches or non-precious metal alternatives could further influence demand, as could international trade policies affecting precious metals.
