In 2023, Japan leads global watch movement exports, though it experienced a slight decline of 2.66%. Switzerland holds the second spot with a marginal decrease, while China continues to decline, dropping 10.18%. France and Italy showed resilience with growth rates of 4.19% and 4.81%, respectively. Denmark and Croatia saw significant increases of over 100%, indicating burgeoning market dynamics. On the contrary, some countries like South Korea and Greece faced substantial declines, reflecting shifting global demands.
Future trends to watch include technological advancements in smartwatches and shifting consumer preferences. Emerging markets like Bulgaria and Croatia present new opportunities for growth. Additionally, sustainability and innovation are expected to drive further evolution in the industry, affecting traditional exporters like Japan and Switzerland. Monitoring these trends is crucial for understanding global market shifts and emerging players.
Top countries in Export of Watch Movements, Complete and Assembled by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 461,120,000 | 2023 | -2.23% | -2.66% | View data |
| 2 | 2 Switzerland | 197,820,000 | 2023 | +0.043% | -1.39% | View data |
| 3 | 3 China | 123,510,000 | 2023 | -8.63% | -10.18% | View data |
| 4 | 4 France | 53,801,000 | 2023 | +3.76% | +4.19% | View data |
| 5 | 5 Netherlands | 27,740,000 | 2023 | +1.99% | +2.61% | View data |
| 6 | 6 Malaysia | 20,980,000 | 2023 | -0.31% | -5.05% | View data |
| 7 | 7 United States | 16,186,000 | 2023 | -4.92% | -3.81% | View data |
| 8 | 8 Italy | 14,702,000 | 2023 | +4.42% | +4.81% | View data |
| 9 | 9 United Kingdom | 8,779,800 | 2023 | -0.093% | -1.3% | View data |
| 10 | 10 Germany | 5,179,600 | 2023 | +0.29% | -0.022% | View data |
