In 2023, the import of watch straps and parts of base metal to Japan was estimated at 120 thousand kilograms. The forecast from 2024 to 2028 indicates a steady decline in imports. The year-on-year variation shows a consistent decrease: -3.86% in 2025, -3.96% in 2026, -4.03% in 2027, and -4.1% in 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -3.93%, reflecting an annual average decline over the five years.
Future trends to watch for include:
- Potential shifts in consumer preferences towards eco-friendly and domestically manufactured products might impact imports further.
- Technological advancements could lead to changes in design and materials, influencing demand for current watch strap components.
- Economic fluctuations and trade regulations could alter import dynamics.