In 2023, Malaysia dominated the global export of clock or watch springs with a significant share of 73.77%, while China held the second-largest share at 15.6%. Germany and the UAE followed with 6.43% and 3.03% respectively. Notably, countries like Spain and Denmark experienced remarkable year-over-year growth rates of 76.55% and 166.72%, while major exporters like China and Switzerland saw declines of -5.99% and -16.83% respectively.
Future trends to watch include Malaysia’s continued dominance alongside emerging markets like Spain and Denmark poised for growth. The performance of legacy exporters such as China will depend on their ability to adapt to changing global demands.
Top countries in Export of Clock or Watch Spring Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malaysia | 73.77 | 2023 | +4.87% | +35.81% | View data |
| 2 | 2 China | 15.6 | 2023 | -5.66% | -5.99% | View data |
| 3 | 3 Germany | 6.43 | 2023 | -2.44% | -3.39% | View data |
| 4 | 4 United Arab Emirates | 3.03 | 2023 | +5.71% | +2.63% | View data |
| 5 | 5 Japan | 1.61 | 2023 | -4.68% | -3.46% | View data |
| 6 | 6 France | 0.87 | 2023 | -3.73% | +6.82% | View data |
| 7 | 7 Spain | 0.37 | 2023 | +0.21% | +76.55% | View data |
| 8 | 8 Switzerland | 0.36 | 2023 | -13.32% | -16.83% | View data |
| 9 | 9 United Kingdom | 0.35 | 2023 | -20.89% | -8.85% | View data |
| 10 | 10 Italy | 0.32 | 2023 | -21.23% | -14.23% | View data |
