The import of complete movements of watches unassembled or partly assembled into Italy is forecasted to decline gradually from 2024 to 2028, with values decreasing from approximately 476.86 thousand USD in 2024 to 427.96 thousand USD in 2028. This reflects a consistent downward trend with an average annual decline. Compared to 2023, when the import value stood above this range, the market shows a contraction trend.
The year-on-year percentage decrease shows a steady decline, reflecting an industry facing potential challenges such as market saturation or increased competition. The five-year CAGR indicates a moderate contraction in the import sector.
Future trends to watch for include potential shifts in consumer preferences towards digital or smart watches, impacting traditional watch movements' imports. Additionally, changes in trade policies or economic conditions in Italy and its trading partners could influence import levels further. Monitoring technological advancements in watch manufacturing and their adoption rates may also provide insights into this market's future.
