The European production value of watches, clocks, and jewellery repair presents a diverse landscape. In 2023, the United Kingdom leads with €33.38 million, observing a modest growth of 3.94% from the previous year. France and Germany reveal declines of -6.38% and -6.66% respectively, despite their substantial market share. Spain shows remarkable growth at 14.47%, indicating a strong recovery. Conversely, Greece faces a significant drop of -29.31%. Notably, Bosnia and Herzegovina and Belgium display positive shifts with 6.58% and 6.05% increases, respectively. Over the last five years, consistent average annual changes (CAGR) underscore the resilience and volatility among countries.
Future trends include the impact of digitalization and shifting consumer preferences towards luxury and sustainable products influencing the market. While economic uncertainties and geopolitical factors may pose challenges, innovation in product offerings and the expansion of online retail channels are likely to shape growth opportunities across Europe.
Top countries in Production Value of Watches, Clocks and Jewellery Repair Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 33.38 | 2023 | +2.08% | +3.94% | View data |
| 2 | 2 France | 14.94 | 2023 | -12.17% | -6.38% | View data |
| 3 | 3 Italy | 14.03 | 2023 | +2.6% | -2.39% | View data |
| 4 | 4 Germany | 11.16 | 2023 | -2.84% | -6.66% | View data |
| 5 | 5 Spain | 6.66 | 2023 | +8.7% | +14.47% | View data |
| 6 | 6 Poland | 3.61 | 2023 | -4.69% | -5.51% | View data |
| 7 | 7 Portugal | 2.34 | 2023 | +12.86% | -1.91% | View data |
| 8 | 8 Sweden | 2.13 | 2023 | +4.35% | +0.57% | View data |
| 9 | 9 Belgium | 1.63 | 2023 | +1.85% | +6.05% | View data |
| 10 | 10 Hungary | 1.57 | 2023 | 0% | -1.44% | View data |
