The global export market for watch straps and parts of base metal saw China commanding a significant lead with a 50.33% share in US dollars. Switzerland and France followed, contributing 15.91% and 14.28% respectively. Italy and Thailand also played substantial roles, with Germany and the Netherlands reflecting smaller yet noteworthy contributions. A range of countries, from larger economies like the US and UK to smaller ones like Estonia and Portugal, participated but with minimal shares. Year-on-year, China and Italy experienced growth, while Switzerland and the US saw declines. Estonia reported a remarkable surge of 108.66% from the previous year.
Future trends to watch include China's continued dominance, potential shifts in European market dynamics due to changing consumer preferences, and the role of emerging markets like India, Estonia, and Poland. The observed fluctuations suggest a possibility for shifts in market share, influenced by innovations in design, materials, and sustainability in manufacturing processes.
Top countries in Export of Watch Straps and Parts of Base Metal Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 50.33 | 2023 | +2.96% | +3.48% | View data |
| 2 | 2 Switzerland | 15.91 | 2023 | +0.52% | -1.87% | View data |
| 3 | 3 France | 14.28 | 2023 | +2.73% | +1.85% | View data |
| 4 | 4 Italy | 8.91 | 2023 | +5.28% | +3.88% | View data |
| 5 | 5 Thailand | 8.31 | 2023 | +2.89% | +1.57% | View data |
| 6 | 6 Germany | 1.68 | 2023 | +2.7% | +2.02% | View data |
| 7 | 7 Netherlands | 1.55 | 2023 | +3.84% | +15.52% | View data |
| 8 | 8 South Africa | 1.21 | 2023 | +6.81% | +0.95% | View data |
| 9 | 9 Portugal | 0.59 | 2023 | +1.03% | +0.75% | View data |
| 10 | 10 United Kingdom | 0.3 | 2023 | +4.45% | +3.2% | View data |
