The market for watches with cases of precious metal or metal clad with precious metal in New Zealand showed steady growth from 2013 to 2023, increasing from 92.7 million USD to 153.3 million USD. The market demonstrated resilience despite fluctuations, with considerable growth periods in 2015 and 2021 and a noticeable dip in 2020 due to external circumstances. Over the last five years, the compound annual growth rate was 4.45%, indicating sustained interest and demand within this segment.
Future trends to consider include:
- Emerging consumer preferences for sustainable and ethical sourcing of materials could impact the market.
- Growth potential in smart luxury watches combining traditional craftsmanship with technology.
- Potential challenges from economic conditions affecting consumer spending on luxury items.
| # | 14 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 3,818,700,000 | 2023 | +1.27% | +1.97% | View data |
| 2 | 2 Japan | 3,255,700,000 | 2023 | +0.16% | +1.4% | View data |
| 3 | 3 Italy | 2,016,700,000 | 2023 | -1.6% | -3.57% | View data |
| 4 | 4 South Korea | 812,160,000 | 2023 | +5.72% | +8.27% | View data |
| 5 | 5 Canada | 437,340,000 | 2023 | +1.57% | +1.93% | View data |
| 6 | 6 Austria | 210,630,000 | 2023 | -3.91% | -4.11% | View data |
| 7 | 7 New Zealand | 154,450,000 | 2023 | +4.49% | +4.45% | |
| 8 | 8 Mexico | 135,480,000 | 2023 | -2.14% | -0.31% | View data |
| 9 | 9 Greece | 127,360,000 | 2023 | -0.29% | +0.11% | View data |
