Watch Market - Germany Maintains Strong Positions in EU Watch Production and Exports
EU watch production showed mixed dynamics from 2007 to 2014, falling from X X thousand units in 2007 to X X thousand units in 2014. It dropped with a CAGR of X% in the period under review. In value terms, EU production on the watch market reached X million EUR in 2014, growing by X% annually.
The countries with the largest production rates of watches in absolute volumes were Germany (X thousand units), followed distantly by France (X thousand units), Italy (X thousand units) and Denmark (X thousand units).
Positive dynamics in watch production among the main producing countries from 2007 to 2014 were recorded in Denmark (+X% per year), while for the other three EU leaders (Germany, France and Italy) the paces of growth were negative.
Germany dominated in EU watch production and trade. In 2014, Germany exported the lion's share of its total watch output. Of this amount, X% was supplied to France, where Germany's watches held an X% share of total France imports.
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- watch market share
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- key watch producers
Source: IndexBox AI Platform
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