In 2023, Japan dominated the global export market for assembled battery watch movements with mechanical displays, contributing significantly more than any other nation. Switzerland, however, experienced substantial growth with a 115.89% increase, indicating its strengthening position in this segment. The United States and India also saw modest increases, while Germany and the Philippines recorded minor declines. Conversely, smaller markets like Lithuania displayed a notable growth spike, suggesting emerging opportunities.
Future trends to watch include Switzerland's upward trajectory, potential shifts in Japanese market share, and the rising importance of emerging markets like India and Lithuania due to their positive growth signals. Analyzing these dynamics could reveal new opportunities or challenges for global stakeholders.
Top countries in Export of Assembled Battery Watch Movement with Mechanical Display by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 233,160,000 | 2023 | -2.62% | -3.42% | View data |
| 2 | 2 Switzerland | 2,192,500 | 2023 | -6.36% | +115.89% | View data |
| 3 | 3 United States | 680,370 | 2023 | -3.22% | +1.77% | View data |
| 4 | 4 India | 404,640 | 2023 | +0.65% | +3.46% | View data |
| 5 | 5 Germany | 256,340 | 2023 | -0.82% | -2.71% | View data |
| 6 | 6 United Kingdom | 128,010 | 2023 | +4.92% | +2.18% | View data |
| 7 | 7 Netherlands | 116,770 | 2023 | +1.41% | +4.43% | View data |
| 8 | 8 Philippines | 16,510 | 2023 | +3.54% | -1.1% | View data |
| 9 | 9 Sweden | 4,850 | 2023 | +2.19% | +4.73% | View data |
| 10 | 10 Australia | 2,490 | 2023 | +5.17% | +1.05% | View data |
