The global export of mechanical pocket watches with precious metal cases is significantly dominated by Malaysia, accounting for over 65% of the share by units in 2023. Singapore and the United Kingdom follow in distant second and third places, respectively. Year-on-year growth for 2023 highlighted Malaysia, China, and Greece's positive trends, whereas Italy, India, and Thailand faced notable declines. Over the last five years, Croatia exhibited remarkable growth in exports, while the Netherlands experienced a major decrease. The uneven growth rates across countries indicate volatile market dynamics in this niche segment.
Future trends to watch include a potential rebound in traditional markets such as Switzerland and Italy, known for their watchmaking heritage, despite recent declines. Additionally, sustained demand growth in Asian countries like Malaysia and Singapore could foreshadow a shift in market dominance, possibly driven by technological advancements and changing consumer preferences. Monitoring geopolitical developments and trade policies will also be crucial for forecasting further changes in global export landscapes.
Top countries in Export of Mechanical Pocket-Watch with a Precious Metal Case Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malaysia | 65.17 | 2023 | +3.96% | +7.86% | View data |
| 2 | 2 Singapore | 12.2 | 2023 | -7.02% | +6.24% | View data |
| 3 | 3 United Kingdom | 7.7 | 2023 | -0.34% | +0.52% | View data |
| 4 | 4 China | 2.44 | 2023 | +4.32% | +7.29% | View data |
| 5 | 5 Bulgaria | 1.78 | 2023 | +4.2% | +3.24% | View data |
| 6 | 6 Italy | 1.34 | 2023 | -12.83% | -13.43% | View data |
| 7 | 7 Greece | 1.06 | 2023 | -1.59% | +10.23% | View data |
| 8 | 8 India | 0.72 | 2023 | -30.91% | -26.3% | View data |
| 9 | 9 Sweden | 0.56 | 2023 | -4.54% | -1.72% | View data |
| 10 | 10 Thailand | 0.54 | 2023 | -21.28% | -15.84% | View data |
