In 2023, India imported 119.0 kilograms of watch cases of precious metal. From this baseline, a continual increase is observed in the forecast from 2024 to 2028. Year-on-year growth is projected, with a prominent rise in imports by approximately 5% annually. The compound annual growth rate (CAGR) from 2024 to 2028 is predicted to be around 4.57%, suggesting a steady upward trend.
Future trends to watch for include potential shifts in luxury consumption patterns, which could affect demand for high-value watch cases. In addition, fluctuations in precious metal prices and evolving trade policies may impact import volumes and values.
