In 2023, China dominated the global export market for battery-operated pocket watches with precious metal cases, accounting for a significant portion of the overall market value. Malaysia and Singapore followed as key players, albeit with much smaller export values. While Malaysia saw positive growth, Singapore experienced a decline. Smaller markets like the United Kingdom, Slovakia, and Hungary showed varied performances, with Slovakia witnessing notable growth. In contrast, mature markets like the United States and Switzerland faced a significant downturn. Poland, Denmark, and Greece also reported decreased exports, whereas New Zealand displayed impressive growth by over 20% in 2023.
Future trends to watch include potential stabilization in markets experiencing downturns, such as the United States and Switzerland, and continued expansion in emerging markets like New Zealand and Slovakia. The increasing demand for luxury items, cultural practices, and economic factors in Asia could further boost exports from countries like China and Malaysia.
Top countries in Export of Battery Operated Pocket-Watch with a Precious Metal Case by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 645,060 | 2023 | +6.21% | +3.4% | View data |
| 2 | 2 Malaysia | 133,310 | 2023 | +6.44% | +4.78% | View data |
| 3 | 3 Singapore | 124,100 | 2023 | -30.99% | -11.01% | View data |
| 4 | 4 United Kingdom | 65,140 | 2023 | +4.17% | -0.2% | View data |
| 5 | 5 Slovakia | 10,800 | 2023 | +4.91% | +7.66% | View data |
| 6 | 6 United States | 1,610 | 2023 | -39.67% | -19.49% | View data |
| 7 | 7 Poland | 1,520 | 2023 | -12.59% | -28.35% | View data |
| 8 | 8 Estonia | 908 | 2023 | +2.71% | +5.98% | View data |
| 9 | 9 Denmark | 671 | 2023 | -27.77% | -30.89% | View data |
| 10 | 10 Hungary | 541 | 2023 | +6.5% | +3.8% | View data |
