The market size value per capita for watches with cases of precious metal or metal clad with precious metal in Botswana decreased from 2013 to 2018, with a low point in 2018 at $0.24. A slight rebound occurred in 2019, but by 2023, the value per capita remained static at $0.24. Over the last two years (2022 and 2023), there have been no significant year-on-year variations, showing a stabilization phase. The compound annual growth rate (CAGR) over the past five years (2018-2023) indicates a negligible decline, emphasizing market saturation.
Looking ahead, potential trends to monitor include the impact of evolving consumer preferences for luxury goods, possible economic shifts influencing purchasing power, and technological innovations in watchmaking that could affect market dynamics in Botswana.
| # | 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 | ||
| 12 | 12 Mexico | 1.08 | 2023 | View data | ||
| 13 | 13 Morocco | 0.81 | 2023 | View data | ||
| 14 | 14 Botswana | 0.24 | 2023 | |||
