The Croatian market for clocks with watch movements, alarm clocks, and wall clocks experienced significant fluctuations between 2013 and 2023. The 2023 market size was 442.77 thousand units, marking a 4.14% increase from the previous year. Notably, there was a volatile trend with a sharp decline in 2020 and 2021, followed by recovery in 2022 and steady growth in 2023. The five-year CAGR was relatively flat at -0.62%, indicating mild overall contraction.
Future trends to watch for:
- Further technology integration, with smart clocks gaining popularity.
- Potential supply chain shifts affecting production costs.
- Consumer preference shifts towards sustainability and eco-friendly products.
