In 2023, China led the global import market for assembled battery watch movements with mechanical displays, holding a massive share. India and Brazil followed, but with significantly smaller shares. Russia and Switzerland showed robust growth, with Switzerland experiencing remarkable expansion of 93.58%. Conversely, the United States saw a substantial decline in import share. Among smaller players, Bolivia had a notable increase, while many European nations witnessed declines or modest stabilization in their import shares. These trends depict a dynamic market, influenced by varying economic, industrial, and consumer behavior.
Future trends to monitor include potential shifts due to technological advancements and changing consumer preferences towards smartwatches. The ongoing economic climates and supply chain dynamics may lead to alterations in country-level import shares, especially if manufacturing capabilities shift among key players such as China and emerging markets.
Top countries in Import of Assembled Battery Watch Movement with Mechanical Display Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 96.28 | 2023 | +0.21% | -1.79% | View data |
| 2 | 2 India | 8.42 | 2023 | +6.43% | +1.88% | View data |
| 3 | 3 Brazil | 1.64 | 2023 | -0.035% | -0.16% | View data |
| 4 | 4 Russia | 0.48 | 2023 | +4.54% | +7.93% | View data |
| 5 | 5 United States | 0.08 | 2023 | -10.16% | -8.31% | View data |
| 6 | 6 Switzerland | 0.062 | 2023 | -2.1% | +93.58% | View data |
| 7 | 7 Netherlands | 0.048 | 2023 | +2.67% | +2.44% | View data |
| 8 | 8 Croatia | 0.017 | 2023 | +5.47% | +7.95% | View data |
| 9 | 9 Italy | 0.016 | 2023 | -18.67% | -13.08% | View data |
| 10 | 10 Argentina | 0.01 | 2023 | -10.21% | -0.83% | View data |
