In 2023, the import of watches with cases of precious metal or metal clad with precious metal to Brazil was valued at $3.25 million. The forecast indicates a declining trend from 2024, with values decreasing year-over-year: 3.25% in 2025, 6.15% in 2026, 6.42% in 2027, and 6.72% in 2028. The Compound Annual Growth Rate (CAGR) over this period shows an average annual decline of approximately 6.76%.
Future trends to watch for include:
- Economic fluctuations influencing luxury goods demand.
- Shifts in consumer preferences possibly affecting the import of high-value watches.
- Potential tariff changes or trade agreements impacting imports.