From 2013 to 2023, the market size value per capita for watches with cases made of precious metal or metal clad with precious metal in Canada exhibited a steady increase from about $8.59 to $11.58. Notably, there were fluctuations in 2018 and 2020, with minor declines, but the overall trend remained upward. The year-on-year growth from 2022 to 2023 was approximately 1.13%, indicating strong market resilience. Over the last five years, the compound annual growth rate (CAGR) was approximately 1.81%, demonstrating consistent appreciation in market value.
Future trends to watch for include potential impacts from economic fluctuations, consumer preferences shifting towards sustainable luxury options, and technological integrations in high-end watches, which could further influence demand and market growth.
| # | 14 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 56.57 | 2023 | View data | ||
| 2 | 2 Italy | 33.63 | 2023 | View data | ||
| 3 | 3 New Zealand | 26.71 | 2023 | View data | ||
| 4 | 4 Japan | 25.84 | 2023 | View data | ||
| 5 | 5 Austria | 23.12 | 2023 | View data | ||
| 7 | 7 South Korea | 14.76 | 2023 | View data | ||
| 8 | 8 Greece | 11.99 | 2023 | View data | ||
| 9 | 9 Canada | 11.58 | 2023 | |||
| 10 | 10 Norway | 10.42 | 2023 | View data | ||
| 11 | 11 Poland | 2.36 | 2023 | View data | ||
