In Australia, the Clocks and Watch Parts Market has shown significant fluctuations from 2012 to 2022, starting at 25.803 million US dollars in 2012 and dropping to 18.05 million US dollars by 2022. The market experienced notable declines, especially between 2015 and 2016, and again in 2020, with a slight recovery observed in 2021. Over the last two years, the market saw a year-on-year variation of -1.53% in 2022 and +18.63% in 2021, reflecting short-term volatility. The compound annual growth rate (CAGR) from 2017 to 2022 is approximately -1.25%, indicating an overall contraction in the market during this period.
Key trends to watch for in the future include:
- Potential recovery driven by technological advancements and consumer preferences for smartwatches.
- Impact of economic conditions and discretionary spending on luxury watch segments.
- Expansion of e-commerce and online retailing impacting the sales dynamics.
| # | 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 |
| 6 | 6 South Korea | 27,926,000 | 2023 | -6.62% | -6.09% | View data |
| 7 | 7 Australia | 17,776,000 | 2023 | -1.52% | -1.58% | |
| 8 | 8 Austria | 9,617,200 | 2023 | -2.28% | -2.38% | View data |
| 9 | 9 Denmark | 6,384,300 | 2023 | +0.8% | +1.48% | View data |
