The Clocks or Watch Parts market in Austria observed a decreasing trend from 2012 to 2022, with values dropping from $14.177 million in 2012 to $9.8415 million in 2022. The annual year-on-year variation has generally been negative, with significant drops in years like 2013 (-12.75%) and 2020 (-18.28%). On a five-year horizon, the CAGR was recorded at -2.61% between 2017 and 2022. Over the last two years, the market showed a volatile pattern with an increase of 17.75% in 2021, followed by a slight contraction of -2.27% in 2022.
Future trends to watch for include the digital transformation in timekeeping products, increased consumer demand for smartwatches, and potential recovery in luxury watch segments. Additionally, sustainability and brand reputation might become significant differentiators in consumer preferences moving forward. Market resilience will heavily depend on innovation, adaptation to digital trends, and economic conditions.
| # | 13 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 238,050,000 | 2023 | +0.94% | +1.18% | View data |
| 2 | 2 United Kingdom | 130,190,000 | 2023 | +0.84% | -0.89% | View data |
| 3 | 3 India | 121,210,000 | 2023 | +2.92% | +2.39% | View data |
| 4 | 4 Italy | 66,446,000 | 2023 | -3.55% | -3.68% | View data |
| 5 | 5 Spain | 28,948,000 | 2023 | -8.23% | -8.21% | View data |
| 6 | 6 South Korea | 27,926,000 | 2023 | -6.62% | -6.09% | View data |
| 7 | 7 Australia | 17,776,000 | 2023 | -1.52% | -1.58% | View data |
| 8 | 8 Austria | 9,617,200 | 2023 | -2.28% | -2.38% | |
| 9 | 9 Denmark | 6,384,300 | 2023 | +0.8% | +1.48% | View data |
| 10 | 10 Norway | 4,505,600 | 2023 | -6.68% | -6.1% | View data |
