In 2023, the import value of complete and unassembled watch or clock movements to the US stood below the 2024 forecast of $4.2996 million. The year-on-year growth from 2024 is projected at 2.29% for 2025, followed by increases of 2.19% in 2026, 2.10% in 2027, and 2.01% in 2028. Over this five-year forecast from 2024 to 2028, the compound annual growth rate (CAGR) is approximately 2.15%.
Future trends to watch for:
- Technological advancements in the watch industry may drive demand for more advanced movements.
- Shifts in consumer preferences towards smartwatches could impact traditional movement imports.
- Global economic conditions could affect trade policies and currency exchange rates, impacting cost and volume.