In 2023, France led European production of watch straps, watch bands, and watch bracelets, surpassing Germany, Italy, and others, with a decline of 1.09%. Germany showed a significant reduction of 3.84%, while Italy declined sharply by 12.31%. Portugal and Hungary showed modest growth at 0.84% and 0.28% respectively. Denmark experienced a notable rise of 4.8%, contrasting Croatia's significant 18.08% drop. Finland faced a decrease of 6.52%.
Looking ahead, the European market for watch-related accessories is expected to witness technological innovations and increased demand for sustainable materials. France's leadership might be challenged as emerging markets in Portugal and Denmark show growth potential. Monitoring the adaptation to consumers' preference for eco-friendly options could play a significant role in future trends.
Top countries in Sold Production of Watch Straps, Watch Bands and Watch Bracelets by Country
| # | 9 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 1,737,500 | 2023 | +10.33% | -1.09% | View data |
| 2 | 2 Germany | 1,546,200 | 2023 | +3.3% | -3.84% | View data |
| 3 | 3 Italy | 1,295,600 | 2023 | -9.43% | -12.31% | View data |
| 4 | 4 Spain | 440,970 | 2021 | View data | ||
| 5 | 5 Portugal | 396,080 | 2023 | +2.53% | +0.84% | View data |
| 6 | 6 Hungary | 254,860 | 2023 | +0.08% | +0.28% | View data |
| 7 | 7 Finland | 135,050 | 2023 | -7.09% | -6.52% | View data |
| 8 | 8 Denmark | 19,030 | 2023 | +28.44% | +4.8% | View data |
| 9 | 9 Croatia | 940 | 2023 | -29.38% | -18.08% | View data |
