Between 2013 and 2023, the Canadian market for watches with cases of precious metal or metal clad with precious metal increased from approximately 301.26 million USD to 437.34 million USD. Over the past five years, the market experienced a compound annual growth rate (CAGR) of 1.93%. In recent years, despite slight dips in 2018 and 2020, the market has shown resilience, achieving an annual increase of 1.63% in 2022 and 1.57% in 2023.
Future Trends to Watch For:
- Shifts in consumer preferences towards sustainable and ethically-sourced materials.
- Growing interest in luxury and premium watch segments potentially increasing market value.
- Technological innovations integrating smart functionalities with traditional watch designs.
| # | 14 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 3,818,700,000 | 2023 | +1.27% | +1.97% | View data |
| 2 | 2 Japan | 3,255,700,000 | 2023 | +0.16% | +1.4% | View data |
| 3 | 3 Italy | 2,016,700,000 | 2023 | -1.6% | -3.57% | View data |
| 4 | 4 South Korea | 812,160,000 | 2023 | +5.72% | +8.27% | View data |
| 5 | 5 Canada | 437,340,000 | 2023 | +1.57% | +1.93% | |
| 6 | 6 Austria | 210,630,000 | 2023 | -3.91% | -4.11% | View data |
| 7 | 7 New Zealand | 154,450,000 | 2023 | +4.49% | +4.45% | View data |
