Forecast: Import of Complete and Assembled Watch Movements with Automatic Winding to the UK

In 2023, the UK's import of complete and assembled watch movements with automatic winding was valued at approximately 44,000 in thousands. From 2024 onwards, the forecasted data indicates a steady increase, reaching 51,060 in thousands by 2028. This implies a consistent year-on-year growth of around 3-4%. The five-year compound annual growth rate (CAGR) for this period is expected to be approximately 2.6%, signifying a gradual upward trend in imports.

Future trends to watch for include:

  • The impact of emerging smart watch technologies on traditional watch movement imports.
  • Currency fluctuations post-Brexit potentially affecting import costs.
  • Shifts in consumer preferences towards automated movement watches affecting demand.

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