The European sold production of watch straps, watch bands, and watch bracelets is led by France, which holds a significant share, though it has encountered a slight decline of 1.3% in 2023. Italy shows robust growth with a 2.61% increase, whereas Portugal and Germany report decreases of 2.49% and 3.88%, respectively. Hungary and Croatia see nominal growth, while Finland recorded a notable drop of 4.53%. Denmark, despite a smaller base, exhibits an impressive increase of 8.03%.
Looking ahead, the market is likely to experience a shift towards countries that innovate in material sciences and integrate more sustainable practices. The evolving preferences for smartwatches and the demand for customizable options may spur growth in Italy and smaller markets, such as Hungary and Denmark, which are showing positive momentum.
Top countries in Sold Production of Watch Straps, Watch Bands and Watch Bracelets Share by Country (Euros)
| # | 9 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 61.05 | 2023 | +9.23% | -1.3% | View data |
| 2 | 2 Italy | 23.97 | 2023 | +7.16% | +2.61% | View data |
| 3 | 3 Portugal | 9.02 | 2023 | +2.26% | -2.49% | View data |
| 4 | 4 Germany | 8.83 | 2023 | +5.99% | -3.88% | View data |
| 5 | 5 Hungary | 2.44 | 2023 | +1.8% | +1.22% | View data |
| 6 | 6 Spain | 1.3 | 2021 | View data | ||
| 7 | 7 Finland | 0.97 | 2023 | -0.73% | -4.53% | View data |
| 8 | 8 Denmark | 0.11 | 2023 | +33.2% | +8.03% | View data |
| 9 | 9 Croatia | 0.024 | 2023 | +0.2% | +1.35% | View data |
