The clocks and watch parts market in Norway has experienced a consistent decline in value from 2012 to 2022. Beginning at 8.7183 million USD in 2012, the market fell to 5.5726 million USD by 2022. Year-on-year variations showed notable decreases, particularly between 2014 and 2017. However, there were slight recoveries in 2018 and 2020, though the overall trend remained negative. The last five-year CAGR was -1.16%, indicating a smaller yet steady decline in recent years.
Future trends to watch for include technological advancements in smartwatches potentially reviving the market, alongside shifts in consumer preferences towards luxury and sustainable timepieces. Market players should also consider the impacts of economic factors and evolving fashion trends on consumer demand.
| # | 13 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 238,050,000 | 2023 | +0.94% | +1.18% | View data |
| 2 | 2 United Kingdom | 130,190,000 | 2023 | +0.84% | -0.89% | View data |
| 3 | 3 India | 121,210,000 | 2023 | +2.92% | +2.39% | View data |
| 4 | 4 Italy | 66,446,000 | 2023 | -3.55% | -3.68% | View data |
| 5 | 5 Spain | 28,948,000 | 2023 | -8.23% | -8.21% | View data |
| 8 | 8 Austria | 9,617,200 | 2023 | -2.28% | -2.38% | View data |
| 9 | 9 Denmark | 6,384,300 | 2023 | +0.8% | +1.48% | View data |
| 10 | 10 Norway | 4,505,600 | 2023 | -6.68% | -6.1% | |
| 11 | 11 Finland | 4,460,100 | 2023 | +4.09% | +3.48% | View data |
| 12 | 12 Croatia | 556,180 | 2023 | +1.8% | +1.16% | View data |
