In 2023, the import of watches with cases of precious metal or metal clad with precious metal to the US was valued at approximately 1.178 billion USD. The forecast indicates a steady increase in imports from 2024 to 2028, with values ascending from 1.199 billion USD in 2024 to 1.285 billion USD in 2028. The year-on-year growth rates show a consistent rise, reflecting a robust demand in this luxury segment. Specifically, notable annual growth rates appear from 2024 (1.79%) to 2028 (1.64%). The compound annual growth rate (CAGR) over this five-year span is anticipated to be 1.54%, illustrating a sustained upward trend in imports.

Future trends to watch for include:

Shifts in consumer preferences towards sustainable and ethical luxury products.
The impact of currency fluctuations and trade policies on import dynamics.
Evolving technology in watches, such as smartwatch integration, potentially influencing demand.
Global economic conditions affecting purchasing power and luxury spending.