The European import market for watches and clocks shows significant variation by country. Germany leads with imports totaling 65.79 million items, experiencing a modest year-on-year growth of 1.24% in 2023. France and the Netherlands follow, with France seeing a slight decline of 1.35%, whereas the Netherlands had a small increase of 0.54%. The United Kingdom faced the most substantial decrease of 11.44%, indicating shifting market dynamics. Notably, Hungary was the only country with substantial growth at 5.43%.
Future trends to watch include potential recovery in the UK as market conditions stabilize, and continued resilience in Central and Eastern European countries, which may see increasing imports due to diversification of manufacturing and retail markets. Additionally, luxury market impacts in Western Europe could influence watch and clock imports, potentially fueling future growth in high-value segments.
Top countries in Import of Watches and Clocks by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 65,790,000 | 2023 | +3.92% | +1.24% | View data |
| 2 | 2 France | 32,856,000 | 2023 | +0.64% | -1.35% | View data |
| 3 | 3 Netherlands | 28,600,000 | 2023 | +3.76% | +0.54% | View data |
| 4 | 4 United Kingdom | 22,377,000 | 2023 | -11.16% | -11.44% | View data |
| 5 | 5 Italy | 21,945,000 | 2023 | +3.22% | -2.18% | View data |
| 6 | 6 Spain | 19,672,000 | 2023 | -2.26% | -5.71% | View data |
| 7 | 7 Poland | 13,407,000 | 2023 | -3.02% | -3.27% | View data |
| 8 | 8 Belgium | 13,196,000 | 2023 | +2.03% | -0.16% | View data |
| 9 | 9 Czechia | 10,440,000 | 2023 | |||
| 10 | 10 Austria | 6,050,500 | 2023 | -2.09% | -4.88% | View data |
