Between 2013 and 2023, the per capita market size value for watches with cases of precious metal in Mexico demonstrated a general decline from 1.38 USD in 2013 to 1.08 USD in 2023. This represents an average annual decline over the last 5 years, but with a slight recovery from the lowest point in 2017. Year-on-year analysis reveals a 0.92% decrease from 2022 to 2023, following a 1.8% decrease from 2021 to 2022.
Future trends to watch for include consumer preferences shifting towards smartwatches, impacting luxury watch demand. Moreover, economic conditions and evolving fashion trends might further affect sales, with cautious optimism for potential market stabilization or growth.
| # | 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 | ||
| 10 | 10 Norway | 10.42 | 2023 | View data | ||
| 11 | 11 Poland | 2.36 | 2023 | View data | ||
| 12 | 12 Mexico | 1.08 | 2023 | |||
| 13 | 13 Morocco | 0.81 | 2023 | View data | ||
| 14 | 14 Botswana | 0.24 | 2023 | View data | ||
