Between 2013 and 2023, the market size value per capita for watches with cases of precious metal or metal clad with precious metal in Austria exhibited a declining trend. Starting at $42.84 in 2013, it decreased to $23.12 by 2023. A noticeable drop is seen from 2016 onwards, with year-on-year declines contributing to this downward trajectory. Over the past two years, the descent persisted with marginal improvements. The Compound Annual Growth Rate (CAGR) over the last five years highlights an average annual decrease.
Future trends to watch for include potential stabilization due to rising consumer preferences for luxury and premium products, and economic recovery could play a role in stimulating market interest.
| # | 14 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 56.57 | 2023 | View data | ||
| 2 | 2 Italy | 33.63 | 2023 | View data | ||
| 3 | 3 New Zealand | 26.71 | 2023 | View data | ||
| 4 | 4 Japan | 25.84 | 2023 | View data | ||
| 5 | 5 Austria | 23.12 | 2023 | |||
| 6 | 6 Denmark | 14.91 | 2023 | View data | ||
| 7 | 7 South Korea | 14.76 | 2023 | View data | ||
