In 2023, the United Kingdom led in European wages and salaries for watch, clock, and jewelry repair with 39.32 million euros, showing a 4.39% year-on-year increase. France saw a slight decline of 4.87%, and Germany maintained stability with only a 0.24% rise. Spain experienced a significant surge of 22.32%, marking notable growth. Finland and Denmark also had impressive growths of 9.86% and 8.45%, respectively, while Greece contracted by 12.94%. Other notable increases included Latvia at 14.87% and Sweden at 4.56%.
Looking forward, expect continued growth in Eastern European markets like Latvia and Romania due to expanding skills and market demand. Meanwhile, any economic fluctuations in Western Europe might impact repair services. Monitoring technological impacts on repair services will be essential.
Top countries in Wages and Salaries of Watches, Clocks and Jewellery Repair Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 39.32 | 2023 | +2.84% | +4.39% | View data |
| 2 | 2 France | 18.7 | 2023 | -9.88% | -4.87% | View data |
| 3 | 3 Spain | 11.7 | 2023 | +15.48% | +22.32% | View data |
| 4 | 4 Germany | 10.25 | 2023 | +2.41% | +0.24% | View data |
| 5 | 5 Italy | 4.58 | 2023 | +8.57% | -3.32% | View data |
| 6 | 6 Portugal | 2.77 | 2023 | +9.52% | +0.89% | View data |
| 7 | 7 Poland | 2.77 | 2023 | +4.55% | +1.84% | View data |
| 8 | 8 Sweden | 1.81 | 2023 | +7.14% | +4.56% | View data |
| 9 | 9 Hungary | 1.45 | 2023 | 0% | -1.59% | View data |
| 10 | 10 Romania | 1.33 | 2023 | +10% | +4.1% | View data |
