The market for watches with cases of precious metal or metal clad with precious metal in Mexico has experienced fluctuations over the past decade. In 2023, the market size stood at 135.48 million USD. During the last two years (2021-2023), the market saw a slight year-on-year decrease of approximately 2.12% to 2.14%. Over the last five years, the compound annual growth rate (CAGR) indicates a modest decline of 0.31%, reflecting a challenging period with some recovery phases offset by marginal declines.
Future trends to watch for:
- The potential resurgence of interest in high-end, luxury timepieces as economic conditions improve.
- Innovations in materials and design that could rejuvenate market interest.
- The impact of digital and smartwatches in reshaping consumer preferences within the luxury watch segment.
| # | 14 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 3,818,700,000 | 2023 | +1.27% | +1.97% | View data |
| 2 | 2 Japan | 3,255,700,000 | 2023 | +0.16% | +1.4% | View data |
| 3 | 3 Italy | 2,016,700,000 | 2023 | -1.6% | -3.57% | View data |
| 4 | 4 South Korea | 812,160,000 | 2023 | +5.72% | +8.27% | View data |
| 5 | 5 Canada | 437,340,000 | 2023 | +1.57% | +1.93% | View data |
| 6 | 6 Austria | 210,630,000 | 2023 | -3.91% | -4.11% | View data |
| 7 | 7 New Zealand | 154,450,000 | 2023 | +4.49% | +4.45% | View data |
| 8 | 8 Mexico | 135,480,000 | 2023 | -2.14% | -0.31% | |
| 9 | 9 Greece | 127,360,000 | 2023 | -0.29% | +0.11% | View data |
| 10 | 10 Poland | 90,456,000 | 2023 | +4.57% | +4.02% | View data |
