The global export market for complete movements of watches, unassembled or partly assembled, in 2023 showed Thailand leading with a substantial share, though it experienced a decline compared to 2022. Singapore and the UK trailed with positive growth. Notably, Switzerland and Japan observed significant downturns, while the Czech Republic and Denmark displayed remarkable upswings. Countries like South Korea, Malaysia, and the UAE have maintained a steady positive trend.
Future trends to observe include the impact of technological advancements in watchmaking, shifts in consumer preferences towards smartwatches, and possible geopolitical developments affecting trade policies. Attention to environmental and ethical production standards may shape future market dynamics.
Top countries in Export of Complete Movements of Watches Unassembled or Partly Assembled Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Thailand | 46.9 | 2023 | -4.96% | -3.23% | View data |
| 2 | 2 Singapore | 25.81 | 2023 | +1.92% | +1.87% | View data |
| 3 | 3 United Kingdom | 9.65 | 2023 | +3.68% | +9.21% | View data |
| 4 | 4 Malaysia | 8.39 | 2023 | +0.39% | +4.61% | View data |
| 5 | 5 Switzerland | 5.39 | 2023 | -49.51% | -28.6% | View data |
| 6 | 6 United States | 5.22 | 2023 | -4.38% | -3.49% | View data |
| 7 | 7 South Korea | 5.01 | 2023 | +3.47% | +4.96% | View data |
| 8 | 8 United Arab Emirates | 3.04 | 2023 | +2.87% | +1.31% | View data |
| 9 | 9 Japan | 1.73 | 2023 | -87.89% | -53.55% | View data |
| 10 | 10 China | 1.58 | 2023 | -28.24% | -19.32% | View data |
