Germany leads the European exports of watches and clocks, although it experienced a slight decline of 1.23% in 2023. France saw a substantial growth of 15.22% and may soon challenge Germany's lead if trends continue. The Netherlands, Belgium, Poland, Spain, and the UK saw minor decreases in their exports, indicating possible market saturation or shifting demand. Notably, Greece's exports surged by 24.22%, and Malta also saw a significant increase of 32.87%, highlighting emerging growth areas. Overall, France and Greece showed outstanding performance in 2023, while Germany leads in volume. A five-year analysis suggests moderate growth across most of Europe, with the Netherlands and Belgium stable contributors.
Future trends indicate a potential for growth in countries like France and Greece due to recent positive changes. Watch for technological advancements and digitization trends that could impact traditional watch manufacturing. Sustainability may also drive changes, with increasing demand for eco-friendly products affecting export volumes. The overall market may experience moderate growth, focusing on innovation and policy changes in key export countries.
Top countries in Export of Watches and Clocks by Country
| # | 10 Countries | Units (Items) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 27,875,000 | 2023 | +1.42% | -1.23% | View data |
| 2 | 2 France | 21,238,000 | 2023 | +34.95% | +15.22% | View data |
| 3 | 3 Netherlands | 14,244,000 | 2023 | +1.46% | -0.56% | View data |
| 4 | 4 Belgium | 11,705,000 | 2023 | +5.7% | -0.16% | View data |
| 5 | 5 Italy | 7,199,200 | 2023 | +16.49% | +2.38% | View data |
| 6 | 6 Poland | 6,549,500 | 2023 | +1.24% | -0.26% | View data |
| 7 | 7 Spain | 6,209,700 | 2023 | +3.12% | -2.53% | View data |
| 8 | 8 United Kingdom | 5,620,900 | 2023 | -4.22% | -4.57% | View data |
| 9 | 9 Czechia | 2,660,400 | 2023 | |||
| 10 | 10 Sweden | 2,057,700 | 2023 | +4.01% | -4.33% | View data |
