The global import landscape for complete and assembled watch movements with automatic winding in 2023 reveals significant disparities. China dominates with $2.686 million, but experienced a notable decrease of nearly 13% year-over-year. Switzerland, although trailing significantly behind, experienced a dramatic increase of over 100%, suggesting a surge in its market presence. The United States and the Netherlands registered only minor changes, highlighting stability. Many Eastern European and Scandinavian countries showed modest growth or decline, with Armenia showing exceptional growth at nearly 245%. Overall, smaller markets fluctuated greatly, indicating varied demand dynamics and economic conditions.
Future trends indicate an increasing demand for Swiss automatic watch movements, potentially influenced by global preferences for luxury and precision watches. China may need to enhance competitiveness to mitigate its import decline. Stakeholders should monitor customization trends and technological advancements driving diverse watch preferences globally.
Top countries in Import of Complete and Assembled Watch Movements with Automatic Winding by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 2,686,000 | 2023 | -15.25% | -12.95% | View data |
| 2 | 2 Switzerland | 283,480 | 2023 | +3.67% | +101.25% | View data |
| 3 | 3 United States | 77,650 | 2023 | -0.019% | +0.0026% | View data |
| 4 | 4 Netherlands | 50,920 | 2023 | +2.7% | +3.47% | View data |
| 5 | 5 United Kingdom | 43,510 | 2023 | +3.44% | +7.26% | View data |
| 6 | 6 Brazil | 25,570 | 2023 | -4.67% | +0.4% | View data |
| 7 | 7 Italy | 22,880 | 2023 | -10.97% | -11.17% | View data |
| 8 | 8 Russia | 21,110 | 2023 | +5.12% | +3.54% | View data |
| 9 | 9 Mauritius | 13,630 | 2023 | +6.63% | +2.82% | View data |
| 10 | 10 Lithuania | 10,370 | 2023 | +0.96% | +0.6% | View data |
