The market size value per capita for watches with cases of precious metal or metal clad with precious metal in Morocco has shown a declining trend from 2013 to 2023. The value decreased from $1.05 per capita in 2013 to $0.81 in 2023, with year-on-year variations indicating a decline, particularly after 2016. The average annual decrease (CAGR) over the last five years, from 2018 to 2023, points to a negative trend in consumer spending on these luxury items.
Key trends to watch for in the future include:
- The impact of economic recovery on luxury spending post-pandemic.
- Influences of changing consumer preferences towards smartwatches.
- Potential growth driven by an increasing interest in luxury goods in emerging markets.
- Shifts in global precious metal prices affecting consumer willingness to invest in high-end watches.
| # | 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 | ||
| 11 | 11 Poland | 2.36 | 2023 | View data | ||
| 12 | 12 Mexico | 1.08 | 2023 | View data | ||
| 13 | 13 Morocco | 0.81 | 2023 | |||
| 14 | 14 Botswana | 0.24 | 2023 | View data | ||
