The Clocks or Watch Parts Market in Guatemala experienced fluctuating trends from 2013 to 2023, with market size values varying significantly. Despite a marked decline in 2015, the growth trajectory showed a recovery phase, peaking in 2019. Recent years exhibited stable yet modest growth; the market stood at $301.25K in 2023. The year-on-year variations over the last two years were 0.69% in 2022 and 0.67% in 2023. The CAGR over the last five years averaged at 2.06%, indicating steady, albeit slow, growth.
Future trends to watch for include potential growth drivers such as technological advancements in watchmaking and increasing consumer demand for luxury and smartwatches. Additionally, economic conditions and import regulations may impact market dynamics moving forward.
| # | 13 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 238,050,000 | 2023 | +0.94% | +1.18% | View data |
| 2 | 2 United Kingdom | 130,190,000 | 2023 | +0.84% | -0.89% | View data |
| 3 | 3 India | 121,210,000 | 2023 | +2.92% | +2.39% | View data |
| 4 | 4 Italy | 66,446,000 | 2023 | -3.55% | -3.68% | View data |
| 5 | 5 Spain | 28,948,000 | 2023 | -8.23% | -8.21% | View data |
| 11 | 11 Finland | 4,460,100 | 2023 | +4.09% | +3.48% | View data |
| 12 | 12 Croatia | 556,180 | 2023 | +1.8% | +1.16% | View data |
| 13 | 13 Guatemala | 301,250 | 2023 | +0.67% | +2.06% | |
