The global import of complete movements of watches unassembled or partly assembled shows China dominating with 82.36% of the market share. This data is set in 2024, indicating a continuous stronghold despite only a slight increase of 1.06% from 2023. Switzerland and the United Arab Emirates show positive growth at 24.63% and 3.97%, respectively, while countries like Brazil and Malaysia recorded declines. Notable market shifts include significant growth by Greece (74.91%) and Morocco (12.47%), signaling budding interest. Conversely, Hungary and Denmark experienced sharp declines.
Future trends to watch include the potential rise of emerging markets and shifting preferences towards more technologically integrated watch movements. Economies showing high growth rates could further increase their share, while sustainability and technological advancements may reshape traditional market dynamics.
Top countries in Import of Complete Movements of Watches Unassembled or Partly Assembled Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 82.36 | 2023 | +3.52% | +1.06% | View data |
| 2 | 2 United Arab Emirates | 6.68 | 2023 | +4.41% | +3.97% | View data |
| 3 | 3 Switzerland | 3.81 | 2023 | +4.59% | +24.63% | View data |
| 4 | 4 Brazil | 3.58 | 2023 | -4.35% | -4.38% | View data |
| 5 | 5 South Korea | 3.28 | 2023 | +1.39% | +0.64% | View data |
| 6 | 6 India | 3.18 | 2023 | +1.57% | +1.82% | View data |
| 7 | 7 United States | 1.64 | 2023 | +2.73% | +3.39% | View data |
| 8 | 8 Japan | 1.43 | 2023 | +1.09% | +1.04% | View data |
| 9 | 9 Indonesia | 0.73 | 2023 | +2.62% | +4.19% | View data |
| 10 | 10 Italy | 0.49 | 2023 | -2.36% | -1.85% | View data |
