The watch straps and parts market made of leather or plastic in Lithuania showed a positive trend in 2023, standing at 1,048.4 thousand USD. After fluctuations, including a decline during 2019-2020, a recovery trend emerged from 2021 onwards. The market has witnessed a robust compound annual growth rate (CAGR) of 0.59% over the last five years due to a bounce-back post-2020.
Future trends to watch for include:
- Increased consumer preference for customizable and eco-friendly watch accessories.
- The influence of smartwatches supporting market growth.
- Potential fluctuations due to economic conditions or fashion trends.
| # | 9 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 198,550,000 | 2023 | +0.23% | +0.42% | View data |
| 2 | 2 Germany | 121,790,000 | 2023 | +4.84% | +1.66% | View data |
| 3 | 3 Italy | 99,069,000 | 2023 | -0.34% | +0.18% | View data |
| 4 | 4 Australia | 46,643,000 | 2023 | +3.78% | +3.96% | View data |
| 5 | 5 Mexico | 7,930,500 | 2023 | +0.36% | +1.33% | View data |
| 6 | 6 South Africa | 6,319,500 | 2023 | -6.9% | -6.11% | View data |
| 7 | 7 New Zealand | 5,291,100 | 2023 | +3.41% | +3.08% | View data |
| 8 | 8 Lithuania | 1,048,400 | 2023 | +2.4% | +0.59% | |
| 9 | 9 Bosnia and Herzegovina | 185,310 | 2023 | -2.51% | -3.71% | View data |
