In 2023, Germany imported hand-wound wristwatches with cases made of or clad with precious metals valued at 1.87 thousand euros. The forecasted data indicates a downward trend from 2024 to 2028, starting at 1.59 thousand euros in 2024 and decreasing to 0.50324 thousand euros in 2028. Year-on-year decreases are significant, with values expected to drop by approximately 17.6% in 2025, 21.4% in 2026, 25.6% in 2027, and 34.28% in 2028. The compound annual growth rate (CAGR) over this five-year period stands at approximately -20.7%, highlighting an accelerating downward trend.
Future trends to watch for include potential shifts in consumer preferences, technological advancements in watchmaking, and economic factors affecting luxury goods demand in Germany. The impact of sustainable and ethical sourcing of precious metals may also influence market dynamics and import values. Monitoring these elements can provide insights into potential market shifts or stabilization.
