The European export of watches in 2023 shows significant variation by country, with the Netherlands leading in volume but experiencing a slight decline. The UK and France continue to grow, while Belgium and Spain see notable decreases. Denmark and Ireland demonstrate healthy growth rates, driven by increased demand. A high growth surge has been observed in Romania and Malta, while Italy and Estonia face considerable declines. Notably, Greece shows strong recovery. Over the past five years, the compound annual growth rates reveal mixed trends, with some countries maintaining stability, while others display volatility.
Future trends to watch for include:
- The impact of evolving consumer preferences in key markets such as the UK and France.
- The potential for emerging markets such as Eastern Europe, notably Romania and Poland, to increase their share.
- The influence of sustainability and technological innovation on European watchmaking.
- Ongoing recovery in Southern European markets, specifically Spain and Italy, which could affect European watch export dynamics significantly.
Top countries in Export of Watches by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 829,200 | 2023 | +9.68% | -2.98% | View data |
| 2 | 2 United Kingdom | 678,050 | 2023 | -1.02% | +4.42% | View data |
| 3 | 3 France | 435,810 | 2023 | +15.4% | +6.91% | View data |
| 4 | 4 Belgium | 326,890 | 2023 | +19.84% | -12.42% | View data |
| 5 | 5 Denmark | 276,740 | 2023 | +24.94% | +7.66% | View data |
| 6 | 6 Poland | 180,290 | 2023 | +4.2% | +2.73% | View data |
| 7 | 7 Spain | 89,590 | 2023 | -21.68% | -14.42% | View data |
| 8 | 8 Latvia | 60,540 | 2023 | +5.03% | +4.3% | View data |
| 9 | 9 Bulgaria | 58,250 | 2023 | -5.32% | +1.54% | View data |
| 10 | 10 Greece | 55,750 | 2023 | +5.68% | +22.49% | View data |
