In 2023, China was the largest importer of rough movements of watches, followed by the United States and Switzerland. The data indicates significant annual growth in imports for China (+16.85%), Egypt (+9.21%), and Belgium (+8.98%). In contrast, Singapore and France saw slight declines. Innovative trends in the market include a surge in imports by Sweden (+35.02%) and the Netherlands (+24.66%), marking them as emerging players in the market.
Looking ahead, potential trends to watch include:
- Continued dominance by China in the market, driven by increasing demand.
- The rise of tech and precision instrumentation possibly boosting import needs for countries like the United States and Japan.
- Emerging markets in Europe that may shape future import landscapes, as indicated by growing numbers from countries like Sweden.
Top countries in Import of Rough Movements of Watches by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 7,090,400 | 2023 | +2.43% | +16.85% | View data |
| 2 | 2 United States | 1,536,600 | 2023 | +3.43% | +2.63% | View data |
| 3 | 3 Switzerland | 1,046,200 | 2023 | +3.1% | +1.64% | View data |
| 4 | 4 Spain | 846,840 | 2023 | +6.07% | +4.14% | View data |
| 5 | 5 Belgium | 780,350 | 2023 | +5.57% | +8.98% | View data |
| 6 | 6 Japan | 516,720 | 2023 | +5.12% | +6.54% | View data |
| 7 | 7 Egypt | 394,990 | 2023 | +5.56% | +9.21% | View data |
| 8 | 8 Singapore | 390,390 | 2023 | -0.041% | -3.25% | View data |
| 9 | 9 France | 380,230 | 2023 | -0.71% | -3.13% | View data |
| 10 | 10 Germany | 248,510 | 2023 | -2.62% | +2.28% | View data |
