The Norwegian market for watches with cases of precious metal or metal clad with precious metal had a value of $10.42 USD per capita in 2023. Over the last two years, there was a marginal increase in per capita value with a rise of approximately 0.38% from 2021 to 2023. Over the past five years, the market experienced a Compound Annual Growth Rate (CAGR) of about 1.16%. Between 2013 and 2023, the market exhibited fluctuations with a notable dip in 2015 and 2016, but overall it has shown resilience and a slight upward trend.
Future trends to watch include potential impacts of increasing consumer focus on sustainable and ethically sourced luxury goods, along with digitization trends influencing consumer purchasing behaviors. As economic factors and consumer preferences shift, they may affect the demand and pricing strategy for luxury watches in the Norwegian market.
| # | 14 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 56.57 | 2023 | View data | ||
| 2 | 2 Italy | 33.63 | 2023 | View data | ||
| 3 | 3 New Zealand | 26.71 | 2023 | View data | ||
| 4 | 4 Japan | 25.84 | 2023 | View data | ||
| 5 | 5 Austria | 23.12 | 2023 | View data | ||
| 8 | 8 Greece | 11.99 | 2023 | View data | ||
| 9 | 9 Canada | 11.58 | 2023 | View data | ||
| 10 | 10 Norway | 10.42 | 2023 | |||
| 11 | 11 Poland | 2.36 | 2023 | View data | ||
| 12 | 12 Mexico | 1.08 | 2023 | View data | ||
