In 2024, global imports of clock or watch plates and bridges highlight Japan as the leading importer, followed by India and Switzerland. Notable growth occurred in Hungary with a significant year-on-year increase of 94.32% in 2023, while Malaysia saw a decline of 26.27%. China, a major player, experienced a slight decrease, counterbalanced by strong growth in the United Arab Emirates and Germany. Smaller markets like Finland and Chile also showed moderate growth. However, Ukraine faced a dramatic drop of 33.35%, and several European countries, including the Netherlands and Bosnia, experienced minor setbacks.
Future trends to monitor include the impact of technological advancements in watchmaking, which may influence demand for specific components. Additionally, shifts in luxury market dynamics and potential tariff adjustments could alter import patterns significantly. The burgeoning demand from emerging markets, like Hungary, suggests a diversification of traditional importers.
Top countries in Import of Clock or Watch Plates and Bridges by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 54,230 | 2023 | +3.75% | +5.69% | View data |
| 2 | 2 India | 48,750 | 2023 | +4.05% | +6.88% | View data |
| 3 | 3 Switzerland | 48,610 | 2023 | +3.07% | +0.11% | View data |
| 4 | 4 China | 33,640 | 2023 | -1.54% | -1.01% | View data |
| 5 | 5 United Kingdom | 18,690 | 2023 | +3.14% | +2.31% | View data |
| 6 | 6 Hungary | 13,030 | 2023 | -11.15% | +94.32% | View data |
| 7 | 7 Malaysia | 9,150 | 2023 | -29.71% | -26.27% | View data |
| 8 | 8 United Arab Emirates | 2,810 | 2023 | -0.35% | +24.2% | View data |
| 9 | 9 Germany | 956.16 | 2023 | +2.36% | +10.38% | View data |
| 10 | 10 Netherlands | 743.2 | 2023 | -4.08% | -3.6% | View data |
