The market size for watch straps and parts of base metal in Canada showed fluctuations from 2013 to 2023, ending at approximately $5.0385 million in 2023. After a peak in 2017 and a notable decrease in 2020 due to a global downturn, the market largely stabilized. The past five years reflected an average annual decline of 0.96%, with recent years showing minor declines, highlighting ongoing challenges in market recovery.
Future trends to watch include:
- Complementary technology integration in traditional products, influencing demand.
- Consumer shift towards customizable and sustainable materials.
- Influence of fashion trends and digital transformation across retail channels.
| # | 5 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 53,687,000 | 2023 | +0.58% | +0.8% | View data |
| 2 | 2 Australia | 8,008,200 | 2023 | +1.07% | +1.4% | View data |
| 3 | 3 Spain | 5,101,000 | 2023 | -4.59% | -3.54% | View data |
| 4 | 4 Canada | 5,038,500 | 2023 | -1.1% | -0.96% | |
| 5 | 5 Sweden | 4,466,800 | 2023 | +2.46% | +2.39% | View data |
