In 2023, Switzerland dominated the global import market for watch cases of base metal including gold- or silver-plated, accounting for 50.01% of the total value. China and Japan followed with 30.16% and 10.81%, respectively. Notable year-on-year variations included a 3.69% increase for China and a 31.48% surge for Colombia. Meanwhile, Belgium and South Korea saw moderate growth at 2.31% and 1.58%, while the United States posted a 3.96% increase.
Looking ahead, future trends to watch include China's growing market share and India's rapid expansion driven by a 5.08% increase. Also, less established markets like Pakistan and Mauritius, with remarkable growth rates of 83.22% and 88.96% respectively, suggest emerging opportunities in these regions. Watch for technological advancements and innovations driving demand in established markets and emerging economies.
Top countries in Import of Watch Cases of Base Metal Including Gold- or Silver-Plated Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 50.01 | 2023 | -0.83% | -1.35% | View data |
| 2 | 2 China | 30.16 | 2023 | +3.11% | +3.69% | View data |
| 3 | 3 Japan | 10.81 | 2023 | +2.55% | +2.33% | View data |
| 4 | 4 Brazil | 6.22 | 2023 | +0.48% | +0.35% | View data |
| 5 | 5 Thailand | 2.57 | 2023 | +3.54% | +1.4% | View data |
| 6 | 6 United States | 2.55 | 2023 | +2.23% | +3.96% | View data |
| 7 | 7 Germany | 2.14 | 2023 | +0.47% | +1.71% | View data |
| 8 | 8 India | 2.09 | 2023 | +5.13% | +5.08% | View data |
| 9 | 9 France | 1.54 | 2023 | -0.4% | -0.12% | View data |
| 10 | 10 Italy | 0.78 | 2023 | -0.5% | -0.2% | View data |
