The European watches and clocks production value in 2024 showcases recovery and variability across countries. France leads with a production value of 671.7 million euros, experiencing a significant year-on-year growth of 17.55%. Germany, with 545.2 million euros, demonstrated stability with a slight increase of 0.1%. Italy and Portugal showed modest growth, while the United Kingdom faced a decline of 9.58% in production value. Notable increases in Austria and Belgium contrast with Sweden and Croatia's declines.
Future trends to watch include:
- Continued growth in France, Belgium, and Austria driven by luxury and precision craftsmanship.
- Potential recovery or further decline in the UK, Spain, and Sweden due to market adjustments.
- Innovation and green technology adoption impacting production methods and costs.
- Geopolitical factors and trade policies influencing export and production dynamics.
Top countries in Watches and Clocks Production Value by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 671.7 | 2023 | +25.18% | +17.55% | View data |
| 2 | 2 Germany | 545.2 | 2023 | +3.51% | +0.1% | View data |
| 3 | 3 Italy | 104.5 | 2023 | -5.17% | +1.97% | View data |
| 4 | 4 United Kingdom | 22.6 | 2023 | -9.6% | -9.58% | View data |
| 5 | 5 Portugal | 20.5 | 2023 | +6.77% | +5.35% | View data |
| 6 | 6 Spain | 18.8 | 2023 | -0.53% | -4.36% | View data |
| 7 | 7 Belgium | 13.5 | 2023 | +3.05% | +7.51% | View data |
| 8 | 8 Austria | 10.8 | 2023 | -1.82% | +12.47% | View data |
| 9 | 9 Czech Republic | 8.7 | 2023 | +4.82% | +4.48% | View data |
| 10 | 10 Poland | 8.4 | 2023 | +3.7% | +2.85% | View data |
