In 2023, the re-import of battery-operated wristwatches with a case of precious metal to China was valued at approximately USD 79,000. Forecasts for 2024 to 2028 project a steady growth, with values increasing from USD 81.67 thousand to USD 91.7 thousand. The year-on-year percentage growth from 2024 to 2025 is estimated at 3.20%, continuing upwards to 2.97% in 2026, 2.86% in 2027, and 2.73% in 2028. Over the five-year forecast period, the compound annual growth rate (CAGR) is calculated to be around 2.93%.
Future trends to watch for include:
- Continued demand for luxury wristwatches with precious metal cases, possibly driven by an increasing middle-class segment.
- Potential challenges from global economic fluctuations and shifts in consumer preferences towards digital and smart wearables.
- Improvements in distribution channels and re-import policies may influence growth positively.
