The import of battery-operated clocks with watch movements to Vietnam experienced significant fluctuations from 2013 to 2023. Values peaked in 2016 at $11.06 thousand, then declined to $2.3 thousand in 2023. Recent years' year-on-year variations highlight a steady downward trend: -13.86% in 2022 and -15.77% in 2023. The 5-year CAGR stands at -12.73%, indicating a consistent decrease over this period.
Future trends suggest a continued decline, with a forecasted 5-year CAGR of -51.16% and a drastic reduction in value by 2028. The market will likely face severe reductions, urging industry players to adapt strategies accordingly.
