In 2023, the import of battery-operated wrist-watches with base metal cases and opto-electronic displays to the US stood markedly higher than the forecasted future trend. From 2024 onward, the forecasted data shows a year-on-year decline: 2025 by 23.4%, 2026 by 29.9%, 2027 by 41.8%, and finally dropping 70.4% in 2028. The compound annual growth rate (CAGR) over these five years suggests a significant average decline each year.
Future trends to watch include the growing adoption of smartwatches and potential shifts in consumer preferences towards multifunctional wearables, driving a decreased demand for traditional opto-electronic display watches.
