In 2023, the import of assembled incomplete movements of watches to Brazil stood at approximately 19.40 thousand kilograms. From 2024 to 2028, it is forecasted to decline steadily with annual values decreasing from 17.45 to 10.98 thousand kilograms, reflecting a clear downward trend. A year-on-year analysis shows a reduction percentage, highlighting a continued decline, with a five-year Compound Annual Growth Rate (CAGR) indicating a sharp contraction in this import category.
Future trends to watch for include:
- Potential shifts in domestic production capabilities.
- Changes in consumer preferences towards smartwatches.
- Global trade policy fluctuations influencing import dynamics.
- Technological advancements potentially replacing traditional watch movements.
