In the forecast for 2024, Germany leads in the European export of watches and clocks by units with a 23.64% share, despite a slight decrease of 1.23% from the previous year. France follows with an 18.01% share, experiencing significant growth of 15.22% year-on-year. The Netherlands holds a 12.08% share, remaining stable with a minor decrease. Emerging trends show Greece and Malta recording remarkable growth rates in 2023. In contrast, the UK and Slovakia faced notable declines. Over the past five years, varying growth rates across different countries indicate a dynamic market environment.
Future trends to watch for include:
- Potential market consolidation in leading countries due to stable share percentages and external economic factors.
- Growth opportunities in underrepresented markets like Greece and Malta, which are showing promising increases.
- The impact of technological advancements on traditional watch exports, possibly affecting countries with higher tech adoption rates.
Top countries in Export of Watches and Clocks Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 23.64 | 2023 | +1.42% | -1.23% | View data |
| 2 | 2 France | 18.01 | 2023 | +34.95% | +15.22% | View data |
| 3 | 3 Netherlands | 12.08 | 2023 | +1.46% | -0.56% | View data |
| 4 | 4 Belgium | 9.93 | 2023 | +5.7% | -0.16% | View data |
| 5 | 5 Italy | 6.11 | 2023 | +16.49% | +2.38% | View data |
| 6 | 6 Poland | 5.55 | 2023 | +1.24% | -0.26% | View data |
| 7 | 7 Spain | 5.27 | 2023 | +3.12% | -2.53% | View data |
| 8 | 8 United Kingdom | 4.77 | 2023 | -4.22% | -4.57% | View data |
| 9 | 9 Czechia | 2.26 | 2023 | |||
| 10 | 10 Sweden | 1.75 | 2023 | +4.01% | -4.33% | View data |
