As of 2023, the import of complete and assembled watch movements with automatic winding to France was USD 17.346 million. By 2024, forecasts predict it will rise to USD 17.833 million, reflecting a year-on-year growth of approximately 2.8%. The trend continues with incremental increases each year, reaching USD 19.714 million by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 stands at roughly 2.5%.
Future trends to watch for include:
- Technological advancements in watch movement manufacturing that could impact import preferences and volume.
- Fluctuations in currency exchange rates impacting the cost and volume of imports.
- Consumer preference shifts towards smartwatches potentially affecting traditional watch movements demand.
