The watch straps and parts market in New Zealand has seen fluctuations over the past decade, with values expressed in million USD. Since 2013, there has been general growth except for a dip in 2020. As of 2023, the market reached a size of 5.2911 million USD, marking only a 3.41% increase from 2022. Over the last five years, the compound annual growth rate (CAGR) stood at 3.08%, showing a slowdown compared to earlier periods, indicating a maturing market.
Future trends to watch include:
- Potential innovations in materials, such as sustainable or eco-friendly options.
- Shifts in consumer preferences driven by fashion changes and technological integration in smartwatch products.
- The impact of global supply chain dynamics on the availability and pricing of materials.
| # | 9 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 198,550,000 | 2023 | +0.23% | +0.42% | View data |
| 2 | 2 Germany | 121,790,000 | 2023 | +4.84% | +1.66% | View data |
| 3 | 3 Italy | 99,069,000 | 2023 | -0.34% | +0.18% | View data |
| 4 | 4 Australia | 46,643,000 | 2023 | +3.78% | +3.96% | View data |
| 5 | 5 Mexico | 7,930,500 | 2023 | +0.36% | +1.33% | View data |
| 6 | 6 South Africa | 6,319,500 | 2023 | -6.9% | -6.11% | View data |
| 7 | 7 New Zealand | 5,291,100 | 2023 | +3.41% | +3.08% | |
| 8 | 8 Lithuania | 1,048,400 | 2023 | +2.4% | +0.59% | View data |
| 9 | 9 Bosnia and Herzegovina | 185,310 | 2023 | -2.51% | -3.71% | View data |
