In 2023, the global import of rough movements of watches saw China dominating with a significant share of 50.36%, exhibiting a robust year-on-year variation of 16.85%. The United States followed with 10.91% and a modest growth of 2.63%, while Switzerland maintained a steady share of 7.43% with a slight increase of 1.64%. Significant growth was also observed in Belgium (8.98%) and Egypt (9.21%) among others, whereas Singapore and Malaysia experienced declines of -3.25% and -6.54%, respectively. Sweden and the Netherlands noted substantial year-on-year increases of 35.02% and 24.66%.
Looking forward to future trends in 2024, anticipating global economic conditions and consumer demand shifts remain vital. Potential growth in emerging markets, technological advancements in watch manufacturing, and changes in trade policies could significantly impact import dynamics. Watch closely for fluctuations in major markets like China and the United States, alongside growth in smaller but rapidly expanding markets such as Egypt and Belgium.
Top countries in Import of Rough Movements of Watches Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 50.36 | 2023 | +2.43% | +16.85% | View data |
| 2 | 2 United States | 10.91 | 2023 | +3.43% | +2.63% | View data |
| 3 | 3 Switzerland | 7.43 | 2023 | +3.1% | +1.64% | View data |
| 4 | 4 Spain | 6.01 | 2023 | +6.07% | +4.14% | View data |
| 5 | 5 Belgium | 5.54 | 2023 | +5.57% | +8.98% | View data |
| 6 | 6 Japan | 3.67 | 2023 | +5.12% | +6.54% | View data |
| 7 | 7 Egypt | 2.81 | 2023 | +5.56% | +9.21% | View data |
| 8 | 8 Singapore | 2.77 | 2023 | -0.041% | -3.25% | View data |
| 9 | 9 France | 2.7 | 2023 | -0.71% | -3.13% | View data |
| 10 | 10 Germany | 1.77 | 2023 | -2.62% | +2.28% | View data |
