The import volume for wrist watches with cases of precious metal or metal clad with precious metal into Brazil showed slight incremental growth from 2024 to 2028, with values rising from 1.04 to 1.09 thousand kilograms. Based on past data, the import stood at 1.03 thousand kilograms in 2023.
Year-on-year variation from 2024 to 2028 is modest:
- 2024 to 2025: 0.96% increase
- 2025 to 2026: 0.95% increase
- 2026 to 2027: 1.89% increase
- 2027 to 2028: 0.93% increase
The Compound Annual Growth Rate (CAGR) over these five years is approximately 1.17%, indicating a steady but limited growth trajectory.
Future trends to watch include shifts in luxury consumer behavior, fluctuating precious metal prices, and potential economic changes in Brazil that may influence demand in this sector. External factors such as currency volatility and trade policies could also impact import volumes going forward.
