The Greek market for watches with cases of precious metal or metal clad with precious metal was valued at 127.36 million USD in 2023, demonstrating subtle fluctuations over the past decade. The sector saw its peak in 2015, followed by a noticeable dip in 2017. The market then showed a recovery trend with varied annual growth rates, including a minor decline of 0.29% in the last year.
Key observations include:
- The compound annual growth rate (CAGR) has improved slightly to 0.11% over the past five years.
- Year-on-year percentage variations reflect sporadic economic factors affecting demand, with noteworthy contractions in 2017 and 2020.
Looking ahead, industry stakeholders should monitor emerging preferences for smartwatches and sustainability factors, alongside geopolitical and economic shifts, as these could significantly impact demand dynamics in the Greek luxury watch market.
| # | 14 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 3,818,700,000 | 2023 | +1.27% | +1.97% | View data |
| 2 | 2 Japan | 3,255,700,000 | 2023 | +0.16% | +1.4% | View data |
| 3 | 3 Italy | 2,016,700,000 | 2023 | -1.6% | -3.57% | View data |
| 4 | 4 South Korea | 812,160,000 | 2023 | +5.72% | +8.27% | View data |
| 5 | 5 Canada | 437,340,000 | 2023 | +1.57% | +1.93% | View data |
| 7 | 7 New Zealand | 154,450,000 | 2023 | +4.49% | +4.45% | View data |
| 8 | 8 Mexico | 135,480,000 | 2023 | -2.14% | -0.31% | View data |
| 9 | 9 Greece | 127,360,000 | 2023 | -0.29% | +0.11% | |
| 10 | 10 Poland | 90,456,000 | 2023 | +4.57% | +4.02% | View data |
| 11 | 11 Denmark | 87,234,000 | 2023 | +2.46% | +3.15% | View data |
