In 2023, Thailand led the global export of mechanical pocket-watches with a base metal case, valued at $213.16 million, followed by Singapore at $93.539 million. Other noteworthy exporters were Italy, Belgium, and the United Kingdom. A significant increase was noted in Romania (17.17%), Bulgaria (26.86%), Denmark (12.84%), and Kazakhstan (51.72%), while substantial decreases occurred in Switzerland (-10.18%), South Korea (-21.97%), and Brazil (-36.11%). Overall, the market shows moderate variations, with some countries like Morocco experiencing remarkable growth (109.61%).
As we move into 2024 and beyond, the emphasis on craftsmanship and technological innovations will likely drive demand in emerging markets. The influence of digital devices on traditional timepieces will be crucial, alongside shifts in luxury brand strategies and consumer preferences for vintage styles. Monitoring Southeast Asia, which exhibits strong growth potential, will be essential.
Top countries in Export of Mechanical Pocket-Watch with a Base Metal Case by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Thailand | 213,160,000 | 2023 | +3.11% | +3.3% | View data |
| 2 | 2 Singapore | 93,539,000 | 2023 | +2.78% | +3.94% | View data |
| 3 | 3 Italy | 43,894,000 | 2023 | +2.12% | +1.1% | View data |
| 4 | 4 Belgium | 27,992,000 | 2023 | +5.42% | +6.16% | View data |
| 5 | 5 United Kingdom | 19,833,000 | 2023 | +2.16% | +0.54% | View data |
| 6 | 6 China | 12,551,000 | 2023 | +2.32% | +0.23% | View data |
| 7 | 7 France | 10,546,000 | 2023 | +1.23% | -0.18% | View data |
| 8 | 8 United States | 9,265,000 | 2023 | -1.61% | +1.06% | View data |
| 9 | 9 Malaysia | 8,089,100 | 2023 | +1.68% | +1.55% | View data |
| 10 | 10 Spain | 6,878,800 | 2023 | -11.69% | -5.94% | View data |
