The global export of complete and assembled watch movements with automatic winding in 2023 showed significant shares dominated by Switzerland at 34.84%, closely followed by Japan at 34.37%. Both countries face contrasting year-on-year variations, with Switzerland experiencing a slight decrease and Japan seeing a moderate increase. France holds a 13.07% share, with a robust year-on-year growth of 5.39%. Notably, China registered a decline of 7.7%, holding a 7.96% share.
Other countries such as the Netherlands and the United Kingdom show steady increases, while the United States and several smaller markets, including Canada and the UAE, are experiencing declines. Emerging markets like South Korea and Sweden showcase positive variances, albeit from smaller bases. Noteworthy is Namibia's significant growth in exports, despite its minimal volume share.
Looking forward, potential market opportunities exist for countries with technological advancements and favorable trade agreements. However, shifts in consumer preferences towards digital and hybrid models, alongside geopolitical tensions, could impact traditional players. Innovations in sustainable practices and materials might drive future competitiveness.
Top countries in Export of Complete and Assembled Watch Movements with Automatic Winding Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 34.84 | 2023 | +0.8% | -1.09% | View data |
| 2 | 2 Japan | 34.37 | 2023 | +4.04% | +3.35% | View data |
| 3 | 3 France | 13.07 | 2023 | +5.17% | +5.39% | View data |
| 4 | 4 China | 7.96 | 2023 | -5.52% | -7.7% | View data |
| 5 | 5 Netherlands | 3.96 | 2023 | +3.25% | +3.07% | View data |
| 6 | 6 United States | 1.68 | 2023 | -3.37% | -3.08% | View data |
| 7 | 7 United Kingdom | 1.26 | 2023 | +4.36% | +3.02% | View data |
| 8 | 8 Italy | 0.5 | 2023 | +0.38% | +1.45% | View data |
| 9 | 9 Spain | 0.47 | 2023 | +3.22% | +2.87% | View data |
| 10 | 10 Germany | 0.42 | 2023 | +0.04% | +1.58% | View data |
