In 2023, Malaysia led the global export of clock or watch springs with a substantial 236.99 thousand kilograms, experiencing a notable year-on-year increase of 35.81%. China, the second-largest exporter, faced a decline of 5.99%, exporting 50.11 thousand kilograms. Germany, Japan, and Switzerland also saw reductions in their exports. The United Arab Emirates showed a modest growth of 2.63%. France and Spain significantly improved their positions, with France increasing by 6.82% and Spain by a notable 76.55%. Emerging players such as the Czech Republic and Denmark displayed remarkable growth rates of 48.2% and 166.72%, respectively.
Future trends to watch include:
- The potential for Malaysia to strengthen its dominance in the market.
- The impact of economic conditions on China's export capabilities.
- The opportunities for emerging markets like the Czech Republic and Denmark to expand further.
- Innovation and technological advancements in clock and watch spring manufacturing could shift market dynamics.
Top countries in Export of Clock or Watch Spring by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Malaysia | 236,990 | 2023 | +4.87% | +35.81% | View data |
| 2 | 2 China | 50,110 | 2023 | -5.66% | -5.99% | View data |
| 3 | 3 Germany | 20,660 | 2023 | -2.44% | -3.39% | View data |
| 4 | 4 United Arab Emirates | 9,730 | 2023 | +5.71% | +2.63% | View data |
| 5 | 5 Japan | 5,180 | 2023 | -4.68% | -3.46% | View data |
| 6 | 6 France | 2,800 | 2023 | -3.73% | +6.82% | View data |
| 7 | 7 Spain | 1,190 | 2023 | +0.21% | +76.55% | View data |
| 8 | 8 Switzerland | 1,140 | 2023 | -13.32% | -16.83% | View data |
| 9 | 9 United Kingdom | 1,130 | 2023 | -20.89% | -8.85% | View data |
| 10 | 10 Italy | 1,020 | 2023 | -21.23% | -14.23% | View data |
