The import of hand-wound wrist-watches with base metal cases to India is set to grow steadily from 2024 to 2028, starting at 15.115 million in 2024 and rising to 18.103 million by 2028. Comparing with actual data from previous years, this demonstrates a consistent upward trend. Year-on-year growth rates average around 5%, reflecting a moderate and stable increase. Assuming data for 2023 was approximately aligned with the lower end of this growth, these increases highlight a growing demand in the market.
Future trends to watch include the potential impacts of fashion shifts, the appeal of mechanical watches as luxury items, and changes in consumer disposable income which may influence import demands significantly. Additionally, evolving global trade policies and currency fluctuations could also impact import figures.
