In 2024, Japan is the leading exporter in the global market of assembled battery watch movements with a mechanical display, though it saw a decline of -4.08% year-on-year. Switzerland and China also rank prominently, despite experiencing respective decreases of -1.81% and -10.31% in exports. Among rising exporters, Malaysia and Croatia demonstrated remarkable year-on-year growth rates of 7.46% and 96.29%, respectively. The overall market reveals mixed performances, with significant contractions in the exports from Belarus, Greece, and the UAE, whereas minor European countries such as Lithuania and Croatia have seen noteworthy increases.
Future trends suggest that technological advancements and demand for luxury timepieces could influence exports. Key trends to watch include:
- Increased interest in smartwatches which might challenge traditional battery watch movements, impacting future export dynamics.
- A potential recovery in Europe's export market capacity could affect market share distributions.
- Environmental concerns might lead to innovation and demand for sustainable and energy-efficient watch components.
Top countries in Export of Assembled Battery Watch Movement with Mechanical Display Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 67.06 | 2023 | -3.89% | -4.08% | View data |
| 2 | 2 Switzerland | 14.54 | 2023 | -1% | -1.81% | View data |
| 3 | 3 China | 11.33 | 2023 | -9.72% | -10.31% | View data |
| 4 | 4 Netherlands | 2.19 | 2023 | +1.23% | +1.65% | View data |
| 5 | 5 France | 1.79 | 2023 | +2.7% | +2.09% | View data |
| 6 | 6 United Kingdom | 1.08 | 2023 | +3.66% | +4.02% | View data |
| 7 | 7 United States | 0.82 | 2023 | -3.99% | +0.22% | View data |
| 8 | 8 Germany | 0.55 | 2023 | -0.05% | -0.82% | View data |
| 9 | 9 Spain | 0.24 | 2023 | +3.37% | +3.62% | View data |
| 10 | 10 India | 0.23 | 2023 | +0.58% | +0.45% | View data |
