In 2023, the import of mechanical pocket-watches with a base metal case to the UK stood at $19.739 million. Forecasted data from 2024 to 2028 indicates a slight annual decline, moving from $19.586 million in 2024 to $19.031 million in 2028. This represents a year-on-year depreciation of about 0.73% to 0.74%. The compound annual growth rate (CAGR) over this period reflects a consistent average decrease of approximately 0.75% per year.
Future trends to watch for include shifts in consumer preferences towards digital or hybrid timepieces, economic fluctuations affecting discretionary spending, and potential impacts of trade policies that could influence the volume and value of imports.
