The import of watch straps and parts of leather or plastic to India is projected to rise steadily from 2024 to 2028, starting at $10.528 million in 2024 and reaching $11.999 million by 2028. This reflects a consistent upward trend with year-on-year growth percentages of about 3.6% across the forecasted period. In 2023, the import value stood at $10.16 million, suggesting a CAGR of around 3.4% over five years.
Future trends to monitor include changes in consumer preferences and technological advancements in watch manufacturing, which may influence demand and import dynamics. Environmental regulations regarding material use could also impact this market segment.
