In 2023, the import of mechanical clock movements complete and assembled to Norway stood at 3.52 thousand units. Forecasted data indicate a decreasing trend from 2024 to 2028. In 2024, the import is expected to be 3.39 thousand units, decreasing yearly to 2.92 thousand units by 2028.
The year-on-year variation reveals a consistent decline: 2024 (-3.7%), 2025 (-3.5%), 2026 (-3.7%), 2027 (-3.8%), and 2028 (-3.6%). Evaluating the last two years, the import value dropped by about 6.8%, while the Compound Annual Growth Rate (CAGR) over the five-year forecast period marks an average annual decrease of approximately 3.5%.
Future trends to watch for include potential shifts in consumer preferences, advancements in digital technology replacing mechanical products, and possible economic factors affecting import levels. Monitoring these could help predict further changes in import volumes.
