In 2023, Germany held a commanding 60.57% share of the European sold production of watches and clocks, growing by 1.64% year-on-year. France trailed significantly with 18.72%, declining by 2.59%, and Italy followed at 11.46%, experiencing a 2.17% increase. Notable growth was seen in Spain (11.52%) and Lithuania (5.86%), whereas the United Kingdom and smaller markets like Croatia and Estonia saw reductions. This highlights a shifting dynamic favoring Germany and Spain amid varied performances across other nations.
Future trends to watch include potential consolidation in Germany, opportunities for growth in luxury segments, and increased digital integration potentially impacting production values across Europe.
Top countries in Sold Production of Watches and Clocks Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 60.57 | 2023 | +2.74% | +1.64% | View data |
| 2 | 2 France | 18.72 | 2023 | -4.97% | -2.59% | View data |
| 3 | 3 Italy | 11.46 | 2023 | +3.08% | +2.17% | View data |
| 4 | 4 Spain | 5.88 | 2023 | +3.59% | +11.52% | View data |
| 5 | 5 United Kingdom | 1.95 | 2023 | -12.6% | -8.66% | View data |
| 6 | 6 Portugal | 0.85 | 2023 | +5.76% | View data | |
| 7 | 7 Lithuania | 0.7 | 2023 | +6.33% | +5.86% | View data |
| 8 | 8 Denmark | 0.63 | 2023 | +22.41% | +4.24% | View data |
| 9 | 9 Czechia | 0.31 | 2023 | |||
| 10 | 10 Poland | 0.24 | 2023 | +2.96% | -5.28% | View data |
