In 2023, France led the global export market for watch straps and parts of precious metals or metal clad with precious metal, accounting for 45.17% of market share in value terms, followed by Switzerland with 29.03%. Italy, Germany, and Thailand rounded out the top five, though Italy experienced a decline of 13.3% from the previous year. Notably, Canada saw a significant increase of 46.8% year-over-year. Over the last five years, the overall market has been relatively stable, with modest fluctuations in exports among major players.
Looking ahead, future trends to watch include potential shifts in demand driven by emerging markets, increased regulations on precious metals, and innovation in material technology that could influence market dynamics. Close attention should be paid to growth in countries like India and potential resurgence in declining markets like the UK and Italy, while monitoring geopolitical factors that could impact trade relations and market shares globally.
Top countries in Export of Watch Straps and Parts of Precious Metal or of Metal Clad with Precious Metal Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 45.17 | 2023 | +1.74% | +0.94% | View data |
| 2 | 2 Switzerland | 29.03 | 2023 | -1.37% | +1.83% | View data |
| 3 | 3 Italy | 17.87 | 2023 | -19.28% | -13.3% | View data |
| 4 | 4 Germany | 7.44 | 2023 | +0.12% | -2.71% | View data |
| 5 | 5 Thailand | 6.88 | 2023 | +6.64% | +2.39% | View data |
| 6 | 6 Netherlands | 1.94 | 2023 | +4% | +1.25% | View data |
| 7 | 7 United States | 1.28 | 2023 | -3.33% | -3.6% | View data |
| 8 | 8 China | 0.69 | 2023 | -14.61% | -3.08% | View data |
| 9 | 9 Singapore | 0.62 | 2023 | -10.88% | -13.49% | View data |
| 10 | 10 United Arab Emirates | 0.35 | 2023 | -5.74% | +3.33% | View data |
