In 2023, Japan dominated the global export market for assembled battery watch movements with mechanical displays, holding a substantial share. However, they experienced a decline of over 3% from the previous year, indicating a slight reduction in their market control. Switzerland exhibited significant growth with a 115.89% increase, suggesting a strengthening position. The United States, India, and the Netherlands also showed modest growth, while Germany experienced a decline. Other European countries such as Italy and the Czech Republic faced considerable decreases in export share.
Looking ahead, emerging markets and innovations in technology, alongside sustainability trends, are likely to influence shifts in global exports. Watch for European manufacturers to continue to climb in market share as they strive to capture growing demands, possibly by leveraging advanced manufacturing techniques or sustainable sourcing to appeal to environmentally conscious consumers.
Top countries in Export of Assembled Battery Watch Movement with Mechanical Display Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 99.43 | 2023 | -2.62% | -3.42% | View data |
| 2 | 2 Switzerland | 0.93 | 2023 | -6.36% | +115.89% | View data |
| 3 | 3 United States | 0.29 | 2023 | -3.22% | +1.77% | View data |
| 4 | 4 India | 0.17 | 2023 | +0.65% | +3.46% | View data |
| 5 | 5 Germany | 0.11 | 2023 | -0.82% | -2.71% | View data |
| 6 | 6 United Kingdom | 0.055 | 2023 | +4.92% | +2.18% | View data |
| 7 | 7 Netherlands | 0.05 | 2023 | +1.41% | +4.43% | View data |
| 8 | 8 Philippines | 0.007 | 2023 | +3.54% | -1.1% | View data |
| 9 | 9 Sweden | 0.002 | 2023 | +2.19% | +4.73% | View data |
| 10 | 10 Australia | 0.001 | 2023 | +5.17% | +1.05% | View data |
