In 2023, China dominated the global export market for clock and watch dials, securing a substantial share of 51.41% and showing a steady increase of 2.99% from the previous year. Switzerland held the second position with a 21.91% share, displaying a modest growth of 1.18%. Other notable contributors included Thailand and Armenia, with Armenia experiencing a substantial rise of 11.78%. However, several countries faced declines, such as Canada and Poland, with significant drops of 11.14% and 36.34%, respectively. Over the past years, market volatility and fluctuations in smaller contributors were evident.
Future trends indicate that growth in countries like Australia and Myanmar should be monitored, considering their remarkable increase in 2023. Portugal's notable surge also signals potential shifts in smaller markets. Attention should be given to changes in the Asian market as China and emerging economies continue to influence the global dynamics of clock and watch dial exports. Additionally, technological advancements and changes in consumer preferences may spur further diversification in market shares globally.
Top countries in Export of Clock or Watch Dials Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 51.41 | 2023 | +2.39% | +2.99% | View data |
| 2 | 2 Switzerland | 21.91 | 2023 | +2.11% | +1.18% | View data |
| 3 | 3 Thailand | 7.87 | 2023 | -1.28% | -3.33% | View data |
| 4 | 4 Armenia | 5.01 | 2023 | +6.42% | +11.78% | View data |
| 5 | 5 Germany | 3.53 | 2023 | +1.91% | +0.97% | View data |
| 6 | 6 Mauritius | 2.88 | 2023 | +0.67% | -1.06% | View data |
| 7 | 7 India | 2.04 | 2023 | +1.46% | +0.23% | View data |
| 8 | 8 France | 1.57 | 2023 | -1.09% | -2.61% | View data |
| 9 | 9 Japan | 1.45 | 2023 | -2.82% | -1.32% | View data |
| 10 | 10 Philippines | 1.26 | 2023 | +1.09% | +0.53% | View data |
