In 2023, the import of complete and assembled watch movements with automatic winding to Canada stood at 2.2 million US dollars. For 2024, a forecasted value of 2.3204 million indicates an approximate year-on-year increase of 5.5%. A steady upward trend is expected with 2025 forecasted at 2.451 million (5.6% increase), 2026 at 2.579 million (5.2% increase), and 2027 at 2.7044 million (4.9% increase). By 2028, the value is projected to reach 2.8272 million, reflecting a sustained growth trajectory. The compounded annual growth rate (CAGR) over this five-year period is estimated at 5.2%.

Key trends to watch include:

Influence of global economic shifts on luxury goods demand.
Technological advancements in watchmaking potentially driving further import growth.
Currency exchange rate fluctuations affecting import costs.
Consumer trends favoring unique, custom-designed watches.